On November 8, 2009, Advanta Corp. and certain of its non-bank subsidiaries filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code. On January 11, 2010, the Company’s Board of Directors authorized these entities to liquidate the remaining assets. For information about the final bankruptcy plan for Advanta and its affiliated debtors or if you have questions regarding claims against the Advanta estate, please visit www.advantareorg.com.
On March 19, 2010, Advanta Bank Corp., Draper, UT was closed by the Utah Department of Financial Institutions. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. An assuming bank could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts. Credit Card Operations will continue business as usual. All Credit Card customers should continue to make their payments as they have in the past. If you are an Advanta Bank Corp. Credit Cardholder and have questions regarding your account, please call (800) 705-7255 or visit www.advantabankcorp.com.
This contact information and the hyperlink were last verified on 11/17/2021. If this information is incorrect please comment below or use the contact us form to let us know so that we can make changes.