Providian Financial Corporation Announces Special Meeting
20 Julio 2005 - 10:46AM
Business Wire
Providian Financial Corporation (NYSE:PVN) today announced that its
Board of Directors has set August 31, 2005, as the date for its
special Shareholders Meeting to consider and vote upon its proposed
merger with Washington Mutual. All shareholders of record on August
1, 2005, will be eligible to vote on the matter. The Company
expects to mail the associated proxy statement and prospectus on or
about August 3, 2005. About Providian San Francisco-based Providian
Financial is a leading provider of credit cards to mainstream
American customers throughout the U.S. By combining experience,
analysis, technology and outstanding customer service, Providian
seeks to build long-lasting relationships with its customers by
providing products and services that meet their evolving financial
needs. Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are subject to
the "safe harbor" created by those sections. Forward-looking
statements include, without limitation: expressions of the
"belief," "anticipation," or "expectations" of management;
statements as to industry trends or future results of operations of
the Company and its subsidiaries; and other statements that are not
historical fact. Forward-looking statements are based on certain
assumptions by management and are subject to risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These risks and
uncertainties include, but are not limited to, competitive
pressures; factors that affect liquidity, delinquency rates, credit
loss rates, and charge-off rates; general economic conditions;
consumer loan portfolio growth; changes in the cost and/or
availability of funding due to changes in the deposit, credit, or
securitization markets; changes in the way the Company is perceived
in such markets and/or conditions relating to existing or future
financing commitments; the effect of government policy and
regulation, whether of general applicability or specific to the
Company, including restrictions and/or limitations relating to the
Company's minimum capital requirements, deposit-taking abilities,
reserving methodologies, dividend policies and payments, growth,
and/or underwriting criteria; year-end adjustments; changes in
accounting rules, policies, or assumptions or in the interpretation
or application of such rules, policies, or assumptions; changes to
or the restatement of prior period financial statements or results
as the result of accounting errors or other circumstances; the
success of product development efforts; legal and regulatory
proceedings, including the impact of ongoing litigation; interest
rates; one-time charges; extraordinary items; the ability to
recruit or replace key personnel; and the impact of existing,
modified, or new strategic initiatives. These and other risks and
uncertainties are described in detail in the Company's Annual
Report on Form 10-K and Annual Report to Stockholders for the
fiscal year ended December 31, 2004 under the headings "Cautionary
Statement Regarding Forward-Looking Information" and "Risk
Factors." Readers are cautioned not to place undue reliance on any
forward-looking statement, which speaks only as of the date
thereof. The Company undertakes no obligation to update any
forward-looking statements. Note: Investor information is available
on Providian Financial's website at www.providian.com.
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