Baltimore-Based Provident Bankshares Corp. Continues to Look for Cost Savings

Summary

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Provident Bankshares Corp. will continue to look for cost savings over the course of the year, and is not finished examining its branch network after closing seven offices this year.

In a conference call with analysts to discuss the company's first- quarter earnings, Provident officials said they expect to find the most immediate cost reductions in the bank's branches, and are considering eliminating some positions, largely through attrition.

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Baltimore-Based Provident Bankshares Corp. Continues to Look for Cost Savings

The Baltimore-based parent company of Provident Bank has long- term plans to expand, but is considering closing branches that are less productive or physically close to other branches and opening new ones el...

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