Providian

Providian Financial Corporation
Company typeAcquired; formerly Public (NYSE: PVN)
IndustryFinance and Insurance
Founded1997
HeadquartersSan Francisco, California
Key people
Joseph W. Saunders, Chairman, President, & CEO
Anthony F. Vuoto, Vice Chairman & CFO
Warren Wilcox, Vice Chairman of Planning and Marketing
ProductsFinancial services
Revenue$2.6 billion USD (2004)
Number of employees
3,500
ParentWashington Mutual Inc (at time of acquisition)
JPMorgan Chase (since 2008)

Providian Financial Corporation was one of the leading credit card issuers in the United States when it was sold to Washington Mutual for approximately US$6.5 billion in October 2005. Providian was headquartered in San Francisco, California, and had more than 10 million card holders at the time of its sale. Washington Mutual, Inc., continued to run the company as a wholly owned subsidiary, out of its San Francisco headquarters. At its peak, the company employed approximately 13,000 people nationwide. Providian had significant operations in California, New Hampshire, and Texas.


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