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Advanta Corp. · Spring House, PA United States

Welsh And Mckean RoadsPhone: 215-657-4000
Spring HousePAFax: 215-444-6121
19477
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Advanta Corp. Rankings

Company Description

Advanta Corp., formerly one of the nation's largest issuers of MasterCard and some Visa credit cards to small businesses and professionals (through Advanta Bank Corp.), is getting out of the credit card business for now. Advanta quit accepting charges on its cards in mid-2009, a move that affected than 1 million accounts. Advanta continues to service its credit card portfolio, and offer deposit products and online banking. It plans to wait out the recession before reevaluating its credit card business. Advanta's customers were told to continue paying on their balances as scheduled, but that they could not access any additional credit. Advanta and its non-bank subsidiaries filed for Chapter 11 bankruptcy protection in November 2009.

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Financials

Company TypePublic
Fiscal Year-EndDecember

Executives

14 executives listed for Advanta Corp.'s Spring House, PA location.

Chairman and CEODennis AlterE-mail
Vice Chairman and PresidentWilliam RosoffE-mail
SVP, CFO, and Principal Accounting OfficerPhilip BrowneE-mail

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