Providian's Card Unit Now Independent

Providian Financial Corp., the credit card and consumer lending company formerly known as Providian Bancorp, has completed its spinoff from Providian Corp.

Providian Financial's common stock began trading June 11 on the New York Stock Exchange under the symbol PVN.

The lending unit, which became independent as its former parent prepared to be acquired by Aegon, a Dutch insurance holding company, replaced Providian Corp. in the Standard & Poor's 500 Index.

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