Providian Financial Corporation announced Monday the official opening of its new Oakland, California banking operations center. Providian employs 650 people at the center and expects to have 1,000 employees there by year end. “We’re glad to share our success with the City of Oakland,” said Providian Chairman and Chief Executive Officer Shailesh Mehta, “and we hope that bringing 1,000 jobs to the city will go a long way towards helping Oakland achieve its vision of creating a dynamic, vibrant and renewed downtown Oakland.”
Community members and government officials, including Oakland Mayor Jerry Brown, joined Providian senior management and employees for a ribbon cutting ceremony. Mayor Brown noted, “Providian’s coming to Oakland is another sign that Oakland is on the move and its downtown is once again becoming the business center of the East Bay.”
Providian has created more than 6,000 jobs nationwide since becoming a public company in June 1997. The company is the sixth largest bankcard issuer in the U.S. and also offers home equity loans and high yield money market deposit accounts and certificates of deposit. Through its innovative Aria.com website, launched in May of this year, consumers can apply for a Providian credit card over the Internet and get approval in seconds.
Providian has been an active charitable contributor in the San Francisco Bay Area for more than ten years. As a part of its community commitment in Oakland, Providian today announced a $400,000 donation to the Alameda Child Care Facilities Development Program, a new public/private venture which is the first program of its kind in Alameda County to address the critical need for flexible loans and grants to improve and increase child care facilities.
“Both the Local Planning Council and Alameda County welcome Providian as a true community partner,” said Rose Padilla Johnson, Chair of Alameda County Child Care Planning Council. Johnson added, “Providian’s $400,000 grant will help increase the flow of capital for development of viable, well-designed child care facilities and to promote better business practices among child care programs in Alameda County.” Providian’s donation is part of the company’s national Providian Child Care Initiative, through which Providian has made significant contributions to child care programs in the San Francisco Bay Area, Salt Lake City, Utah and the State of New Hampshire.
Providian Financial has over 10,000 employees in the U.S. and the U.K, with facilities in California (Pleasanton, Fairfield, Sacramento, Oakland and San Francisco), Kentucky, New Hampshire, Utah, Texas, and London, England. Providian’s Oakland offices are located at 1333 Broadway..
San Francisco-based Providian Financial Corporation ([http://www.providian.com]) is a leading provider of lending and deposit products to customers nationwide and now offers credit cards in the United Kingdom. Providian serves a broad, diversified market with loan products that include credit cards, home equity loans, secured cards and membership services. With a commitment to 100% customer satisfaction, Providian’s mission is to help its customers build or rebuild, protect and responsibly use credit by providing a quality borrowing experience that leads to active and lasting customer relationships. The sixth largest bankcard issuer in the nation, Providian has $18 billion in assets under management and over 10 million customers.