Seems that FDIC couldn't find another bank to step into Advanta's shoes so the depositors will be paid off by FDIC and assets liquidated.
They are encouraging those who have credit card accts to continue paying their acct balances; (so that means that if you are among the 8 folks who are still paying Advanta), please be timely with those pymts b/c the newly assigned creditor can use the $$$.
FDIC Information for Advanta Bank Corp
They are encouraging those who have credit card accts to continue paying their acct balances; (so that means that if you are among the 8 folks who are still paying Advanta), please be timely with those pymts b/c the newly assigned creditor can use the $$$.
FDIC Information for Advanta Bank Corp