LOUISVILLE, Ky. -- The banking group of Providian Corp., which includes First Deposit Corp. of San Francisco, reported a 27.5% increase in pretax income for the second quarter, to $37.5 million.

Providian, the insurance and financial services holding company that changed its name in the quarter from First Deposit Corp., said growth in the First Gold credit card portfolio, growth in the Select Equity home loan portfolio, increased fee income, lower net credit losses, and lower cost of funds contributed to the healthy earnings increase.

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