The Advanta Story

Advanta has had a 59 year history of being a leading innovator in the financial services industry and of providing great value to its stakeholders, including its senior retail note holders and shareholders, prior to the recent reversals. It has also been a major civic and charitable force in the communities in which it is based, particularly in the Greater Philadelphia area.

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 their assets in order to maximize value for their stakeholders. For more information about the bankruptcy proceedings, please visit www.advantareorg.com

On March 19, 2010, the Federal Deposit Insurance Corporation ("FDIC") and the Utah Division of Financial Institutions closed Advanta Bank Corp., a wholly-owned subsidiary of Advanta Corp., and the FDIC was appointed receiver of the bank. For more information regarding these actions, please visit www.advantabankcorp.com.

Office of the Chairman:
Dennis Alter serves as Chairman of the Board and Chief Executive Officer.
William Rosoff is President and Vice Chairman of the Board.

Contact Information:
Plymouth Corporate Center
625 W. Ridge Pike
Building E, Suite 100 & Suite 105
Conshohocken, PA 19428
(215) 657-4000

Advanta Bank Corp. Customer Service
If you are an Advanta Bank Corp. Cardholder and have questions regarding your account, please call:
(800) 705-7255