$1.5B
total assets, December 31, 2009
Advanta Bank Corp. was a state nonmember bank in Draper, UT. It failed on Mar 19, 2010, and its insured deposits were paid out. At its last report it held $1.5 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 19, 2010
- Assets
- $1.5B
- Deposits
- $1.5B
- Estimated cost
- $522M
- Deposits went to
- payout
Total assets
$1.5B
-50.9% in a year · -33.2% in a quarter
Deposits
$1.5B
-40.5% in a year · -27.4% in a quarter
Loans
$752M
+76.3% in a year · -4.2% in a quarter
Profit so far
-$451M
Jan 1 to Dec 31, 2009 · -7240.7% in a year
Capital ratio
-2.00%
-14.80 pts in a year
Return on assets
-17.68%
-17.92 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 11850 South Election Drive, Draper, UT, 84020
- County
- Salt Lake
- Established
- Dec 16, 1991
- Failed
- Mar 19, 2010
- Employees
- 124
- Branches
- 1
- Id
- b33535
Quarter by quarter
December 31, 1991 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Advanta Bank Corp.?
$1.5 billion in total assets and $1.5 billion in deposits as of December 31, 2009, with assets down 50.9% from a year before. Its loans were $751.9 million.
How many branches does Advanta Bank Corp. have?
1 branch in Utah as of June 30, 2026.
Is Advanta Bank Corp. profitable?
No: it lost $451.3 million from January 1 to December 31, 2009. Its return on assets was -17.68% a year; about 1% is typical.
When did Advanta Bank Corp. fail?
Mar 19, 2010. The estimated cost of the failure was $521.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.