Providian Financial Corp., San Francisco, will open a new 145,000 square-foot center in Oakland, CA, and hire up to 1,400 employees to keep pace with its growth, estimated at over 50% in 1997.
The credit-card company, which targets prospects with weak credit history, is the ninth largest lender with more than $14 billion in assets. In addition to internal growth, it has expanded by acquiring loan portfolios from First Union and Morgan Stanley Dean Witter’s Bravo card program.
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