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Advanta Corp. - B Shares (fka ADBVQ) RSS Feed

Followers
7
Posters
21
Posts (Today)
0
Posts (Total)
117
Created
11/09/09
Type
Free
Moderators

 

Outstanding Shares: 29M Shares.

 

                                                                              52-Week Range:  0.002 ~ 0.039.

 

ADVBQ — Advanta Corp. -Class B

   

https://vault.advantabankcorp.com/

www.advanta.com/ADV

Nasdaq

Advanta Corp.
Welsh and McKean Roads
P.O. Box 844
Spring House, PA 19477

 

Full Time Employees: 841

Advanta Corp. issues business purpose credit cards to small businesses and business professionals in the United States. It offers MasterCard and Visa business purpose credit cards that provide approved customers with access, through merchants, banks, checks, electronic fund transfers, and ATMs to unsecured revolving business purpose credit lines. The company also offers credit protection and related products, such as credit insurance products, which provide coverage for loss of life, disability, and involuntary unemployment; and waiver agreement, which provides for the waiver or suspension of payment obligations upon the occurrence of events, including loss of life, temporary and permanent disability, key person departure, and business interruption. In addition, Advanta Corp. provides various deposit products, including retail and large denomination certificates of deposit and money market accounts, as well as investment products comprising redireserve variable rate certificates and investment notes. The company was formerly known as TSO Financial Corp. and changed its name to Advanta Corp. in 1988. Advanta Corp. was founded in 1951 and is based in Spring House, Pennsylvania.

www.AdvantaReorg.com

Advanta Bank Corp (Not included in the ch11 re-org)

 $3.1 billion in owned assets, including cash and liquid investments of $2.4 billion.

 

Headquartered in Draper, Utah, ABC is a subsidiary of Advanta Corp., a publicly-held financial services holding company. ABC is a Utah industrial bank regulated by the Utah Department of Financial Institutions. ABC is one of the nation’s largest issuers of MasterCard® business-purpose credit cards to small businesses and business professionals, and as of December 31, 2008 held $3.1 billion in owned assets, including cash and liquid investments of $2.4 billion. ABC's total risk-based and Tier 1 capital ratios of 38.4% and 35.4% are well above required levels. (Click on the advanta.com link for information about ABC's lending activities.) 

ABC is a member of the Federal Deposit Insurance Corporation (FDIC) and its deposits are FDIC insured up to the maximum allowable limits per depositor.  On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.  The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership.  To learn more about FDIC insurance and account ownership categories visit the FDIC web site www.fdic.gov/deposit.

ABC is both innovative and resourceful in running its operations to hold down costs and heighten customer convenience. ABC keeps its operating expenses low by servicing customers through mail, telephone and electronic media. Maintaining low operating expenses allows us to pass savings along to the depositor in the form of higher interest rates. In addition, our customers receive prompt and timely distribution of interest checks, maturity notices, statements and other important communications.

ABC offers quality service through knowledgeable Customer Service Associates available from 8:30 a.m. to 5:00 p.m. Mountain Time, Monday through Friday. For assistance, please call ABC's toll-free number,


Phone: (215) 657-4000

  • Estimated Market Cap:   $9,011,875 as of Nov 6, 2009

  • Outstanding Shares:  29,070,563 as of Jun 18, 2007

 

 

 

 

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