Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, March 19, 2010, Advanta
Draper, UT was
closed by the Utah Department of Financial Institutions, and the
FDIC was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship
with this institution. Besides a savings account, you may have Certificates of Deposit, an IRA, a Social Security direct deposit and other relationships with the institution. The FDIC has compiled the
following information, which should answer many of your questions.
The FDIC has issued a press release (PR-058-2010) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
David Barr at 1-202-898-6992.
An acquiring institution could not be located; therefore, the FDIC
will fulfill its obligation to insured depositors by mailing checks for their
Principal and interest on insured accounts, through March
are fully insured by the FDIC, up to the insurance limit of $250,000. You
will receive full payment for your insured account. Certain entitlements
and different types of accounts can be insured for more than the $250,000
limit. IRA funds are insured separately from other types of accounts,
up to a $250,000 limit.
All deposit accounts that exceed the $250,000 insurance
limit and/or all deposit accounts that appear to be related
this limit are reviewed
to determine their ownership and insurance coverage. If you think
you might have uninsured deposits, you should call the FDIC Call Center
arrange for a telephone interview with a Claims Agent at 1-800-537-4048.
The Claims Agent may direct you to download and submit a particular
form that will assist in expediting the processing of your claim.
FDIC Call Center
Toll free number 1-800-537-4048
Hours of Operation – Mountain Time
March 19, 2010:
9:00 a.m. - 6:00 p.m.
March 21, 2010:
Noon - 6:00 p.m.
8:00 a.m. - 8:00 p.m.
If it is determined that you have uninsured funds, the FDIC will generate
and mail to you a Receiver Certificate. This certificate entitles
you to share proportionately in any funds recovered through the disposal
of the assets of Advanta Bank Corp. This means
that you may eventually recover some of your uninsured funds.
Your CD(s) will automatically be closed,
and you will receive a check up to the insured amount from the FDIC. You
will not be assessed an early withdrawal penalty. Any account pledged as
collateral for a loan or credit card balance will continue to be held.
On Friday, March 19, 2010, all accounts have
been closed and you will receive a check up to your insured amount and a final
will no longer have access to the website and online services.
Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company provided
a service or product, leased space, furniture,
or equipment to Advanta Bank Corp. after
Friday, March 19, 2010 and have
not been paid, you do not have
a claim against Advanta Bank Corp. Please
follow your normal billing procedures by providing an invoice as instructed.
If you or your company provided a service
or product, leased space, furniture, or equipment to Advanta
Bank Corp. prior
to Friday, March 19, 2010 and have not
paid, you may be
entitled to a claim against the bank. If you provided a product to or a service
for Advanta Bank Corp. prior to the bank's failure
which you have not
and you have not received communication, please
Federal Deposit Insurance Corporation
Receiver: Advanta Bank Corp. 1601 N. Bryan Street Dallas, TX 75201-3430 Attention: Claims Agent
Please note: There are time limits for filing a claim, your claim must be filed on or before 6/23/2010.
The Advanta Bank Corp. had no publicly owned stock. Equity shareholders
were invested in the holding company, Advanta
in Draper, UT, and not in the bank. Please
do not contact or file a claim with the Receiver, rather contact
the holding company with any questions you may have:
Welsh and McKean Roads
P.O. Box 844
Spring House, PA 19477-0844
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.