Bank failure · UT
Advanta Bank Corp. (Draper, UT) — failed March 19, 2010
Advanta Bank Corp. of Draper, Utah was closed on March 19, 2010 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.5B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $521.5M (34.2% of assets).
- Closing date
- March 19, 2010
- FDIC certificate #
- 33535
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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