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Providian Financial is one of the largest independent credit card companies the US, boasting more than ten million account holders. Operating through Providian National Bank, the firm issues Visa cards, and to a lesser extent, MasterCard products. While other banks fiercely compete for only the most creditworthy of borrowers (prime and superprime customers), Providian targets what it calls "mainstream America" -- middle-class consumers with a credit score over 600. The firm solicits new customers mainly via direct mail, augmented by telemarketing and online channels. It also offers savings and money market accounts and certificates of deposit. Washington Mutual is buying Providian for some $6.45 billion.
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Address: |
201 Mission St.
San Francisco, CA 94105
| | Phone: | 415-543-0404 | | Fax: | 415-278-6028 |
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Highlights | | Fiscal Year End: | December | | Revenue (2004): | 2600.00 M | | Revenue Growth (1 yr): | (-6.50%) | | Employees (2004): | 3,285 | | Employee Growth (1 yr): | (-27.40%) |
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Key People
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Chairman, President, and CEO:
Joseph W. Saunders
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Vice Chairman and CFO:
Anthony F. (Tony) Vuoto
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Vice Chairman, Planning and Marketing:
Warren Wilcox
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