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. For additional information, please contact Advanta Bank Corp. toll free at 1-800-705-7255.

Other Payment Options

The FDIC has assembled useful information regarding your relationship with Advanta Bank Corp. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.

Please select the link below to read more about this event:

FDIC Bank Closing Information for Advanta Bank Corp.