The war of words continues between Provident Bankshares Corp. of Baltimore and an activist investor who has been pressuring the company to put itself up for sale.

The $4.9 billion-asset company said the latest argument made by Mid-Atlantic Investors of Columbia, S.C., for selling the bank is flawed and misleading, according to a document Provident filed last week with the Securities and Exchange Commission.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.