| Company Name: |
Provident Bank |
| Headquarters: |
Baltimore MD |
| Industry: |
Regional Banks |
| Sector: |
Basic Materials |
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| Employees: |
1000 - 4999 |
| Revenues: |
Unknown |
| Website: |
View website |
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History of Provident Bank
Provident Bank is the second largest independent commercial bank headquartered in Maryland, with over $6.6 billion in assets.
Provident serves individuals and businesses in the key urban areas of Baltimore, Washington and Richmond through a network of around 150 banking offices in Maryland, Virginia, and southern York County, PA. Provident Bank also offers related financial services through wholly owned subsidiaries. Securities brokerage, investment management and related insurance services are available through Provident Investment Company and leases through Court Square Leasing and Provident Lease Corp.
Provident Bank began in Baltimore in 1886 with noble intentions to offer people from all walks of life a place to keep their money safe. Because it was at a time when the downtown commercial banks weren't interested in small personal accounts, a group of local philanthropists set out to create something different a savings institution for everyone. One that would become the first branch banking system in the country. They named it Provident, meaning to "foresee, provide for, make provision for the future." And it's this principle that guided Provident as it grew in Baltimore and the suburbs. One company publication in 1920 noted: "The real business of this bank is to encourage thrift." In keeping with this philosophy, the bank worked with the city's public school system. One day a week, school banks were opened to collect pennies and nickels which were then transferred to regular Provident passbook accounts. As the country emerged from the depression, Provident's new President, Frank W. Wrightson, brought new energy and ideas to the bank. After World War II, Provident became Baltimore's home mortgage leader. As Baltimore grew, so did Provident. | |
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