BNET Industries

Market Cap:$778.1K
Last Fiscal Year Sales:$562.1M
  • Public
  • US
Dow Jones Description

Advanta was founded in 1951 by Jack Alter, a Philadelphia, Pennsylvania schoolteacher, to provide individual, needs-based loans to fellow teachers. Today, Advanta is one of the nation's largest credit card issuers (through Advanta Bank Corp.) in the small business market. Advanta's exclusive focus on this market, as well as its size, experience, and commitment to developing meaningful product offerings and a high level of service tailored to the needs of small businesses, differentiates the company from other issuers. Advanta has long been an innovator in developing and introducing many of the marketing techniques that are common in the financial services industry today. Advanta operates two banks, Advanta Bank and Advanta Bank Corp. Both banks are FDIC insured and provide funding for Advanta. In the last couple years, Advanta's Innovation Team has been creating new ways to help small business owners. In 2007, Advanta launched ideablob.com, where entrepreneurs and small business owners can share and grow their business ideas - and even win $10,000 in a monthly idea competition. In 2008, Advanta launched the KivaB4B Project and BizEquity. KivaB4B encourages business owners to help entrepreneurs in the developing world through grants matched by Advanta, and BizEquity empowers the business community to better understand the estimated value of small businesses. Advanta Corp.'s common stock is traded on the Nasdaq Stock Market, LLC. ...

President, Advanta Bank Corp.
John Francis Moore
Number of Employees 841
Contact Information

600 Welsh Rd

PO Box 844

Spring House, Pennsylvania 19477

triocardapply.c...

(215) 657-4000

NAICS Code Consumer Lending: 522291

Recent Events

  • The Bankruptcy Files: Credit Cards, Health Bars, and Country Clubs

    11/12/09 - Bankruptcy Filings - View Story

  • Izard Nobel LLP Announces Class Action Lawsuit Against Advanta Corp.

    10/23/09 - Lawsuit Filed - View Story

  • Advanta to Report Third Quarter 2009 Results in Form 10-Q Filing

    10/06/09 - Financial Announcement - View Story

  • Advanta Customers' Next Option: Small Claims Court

    10/02/09 - Lawsuit Filed - View Story

  • NASDAQ warns Advanta on low stock price

    9/18/09 - Financial Announcement - View Story

  • Advanta laying off chief accounting officer Weinstock

    8/24/09 - Financial Announcement - View Story

News & Analysis

advanta corp. and finance - All News and Analysis

Decision Makers

Name (plus bio) Position
John Francis Moore President, Advanta Bank Corp.
Chad Blue Chief Credit Officer
David B. Weinstock Vice President and Chief Accounting Officer
Philip M. Browne Chief Financial Officer
Catherine Reid Vice President, Communications
Frank M. Salinger Vice President, Govt Relations
Jeffrey D. Beck Vice President & Treasurer
John Walp Vice President, HR
George Viar Founder
Charles Wang Senior Analyst
Jay A. Dubow Senior Vice President, General Counsel & Secretary
William W Hunt Jr. Financial Management Roles

Board of Directors

Name (plus bio) Position
Thomas Costello Chairman
Becker Dunn Board of Directors
Dana Becker Dunn Board of Directors
Max Botel Board of Directors
Michael Stolper Board of Directors
Olaf Olafsson Board of Directors
Robert S. Blank Board of Directors
Ronald Lubner Board of Directors
William C Dunkelberg Board of Directors

Organization Position Status
Advanta Corporation President, Advanta Bank Corp. Current

Mr. Blue joined the Company in 1993. From 1993 to 1998 he held a number of collections and credit policy positions within Advanta’s consumer credit card business. In 1998, Mr. Blue became a Credit Policy analyst with First USA/Bank One. During his time with First USA, Mr. Blue provided analytical support for small business credit cards and unsecured installment loans. In 1999, Mr. Blue returned to the Company and, since that time, he has been serving in various capacities in the Company’s credit analytics area for Advanta Business Cards. In December 2007 he was appointed Chief Credit Officer of Advanta Corp. and Advanta Bank Corp.

Organization Position Status
Advanta Corporation Chief Credit Officer Current

Mr. Weinstock joined the Company in 1998 and became Vice President and Chief Accounting Officer in March 2001. From October 1999 to January 2005, Mr. Weinstock also served as Vice President of Investor Relations. Prior to that, from April 1999 to October 1999 he served as the Company’s Controller. Prior to joining Advanta Corp., Mr. Weinstock served as a Senior Manager at Arthur Andersen LLP from 1996 to 1998, where he audited public and private companies and provided business advisory and consulting services to financial services companies. 22

Organization Position Status
Advanta Corporation Vice President and Chief Accounting Officer Current

Organization Position Status
Advanta Corporation Chief Financial Officer Current
The Bon Ton Stores, Inc. Board of Directors Current
Advanta Corporation Senior Vice President Former

Organization Position Status
Advanta Corporation Vice President, Communications Current

Organization Position Status
Advanta Corporation Vice President, Govt Relations Current

Organization Position Status
Advanta Bank Corp. President Current
Advanta Corporation Vice President & Treasurer Current

Organization Position Status
Converje President Current
Advanta Corporation Vice President, HR Current
St. Joseph's University Adjunct Professor Current
Converje CEO Former
Advanta Corporation Manager Former
Gerson Lehrman Group Member Former

BA in Business Administration, ICADE (Madrid, London) and Chartered Management Accountant (CIMA). Mr. Viar previously worked for Matson, Driscoll & Damico, forensic accountants (London) and subsequently was Director of the London office of Revenga International Group before founding Advanta. He specialises in BBB (Blanket Bankers Bonds) and business interruption claims.

Organization Position Status
Advanta International Adjusters Founder Current
Advanta Corporation Founder Current
Advanta International Adjusters Director Current
Advanta International Adjusters Financial Director Former
Matson, Driscoll & Damico Former

Prior to joining Full Capture, Charles was with St. Paul Travelers, where he was Director-Research in their Personal Lines division. He has over twelve years of data mining experience. Prior to Travelers, Charles' corporate experience includes Manager - Credit Risk Modeling at U.S. Bank; Vice President Database Marketing at Citibank Latin America; Assistant Vice President Statistical Modeling at Bank of America (Nations Bank); Senior Analyst at Advanta; and Senior Analyst at Federal Express. He also was a partner in a consulting business specializing in Database Marketing, Data Mining and Data Warehousing. Charles earned a Ph.D. and M.A. in Economics from the State University of New York Binghamton. He attended Texas A&M University on a Ford Foundation Scholarship and earned a B.S. in Physics from Jilin University in Changchun, China.

Organization Position Status
Advanta Corporation Senior Analyst Current
Federal Express Corporation Senior Analyst Current
Full Capture Senior Data Scientist Current
U.S. Bancorp Manager Former
The State University of New York M.A. In Economics Former
Texas A&M University B.S. Former

Organization Position Status
Advanta Corporation Senior Vice President, General Counsel & Secretary Current

Organization Position Status
Anic President Current
Advanta Corporation Financial Management Roles Current
Uig Director Current
Penn Treaty American Corporation Board of Directors Current
Anic Chief Executive Officer Former
Penn Treaty American Corporation President & CEO Former
Penn Treaty American Corporation Chief Operating Officer Former
Prudential Insurance Chief Financial Officer Former
Penn Treaty American Corporation Senior Vice President of Finance Former
Anic Senior Vice President of Finance Former
Prudential Insurance Vice President Former
Provident Mutual Life Insurance Company Vice President of Corporate Planning and Development Former
Touche Ross & Co. Auditor Former
Anic Chairman , Board of Directors Former
Widener University Masters In Business Administration Former
St. Joseph's University Bachelor of Science Degree Former

Organization Position Status
Alesco Financial Trust Director and Chairman of the Audit Committee Current
Advanta Corporation Chairman Current
Alesco Financial Inc. Director Current
Advanta Corporation Member Current
Advanta Corporation Director Former

Ms. Becker Dunn, age 58, has been a member of our Board of Directors since March 1996 and is a member of the Compensation Committee of our Board of Directors. She served as Vice President of U.S. Services of Avaya, Inc., a leading provider of communications systems and software for enterprises, from October 2000 until she retired in August 2001. Prior to October 2000, Ms. Becker Dunn served as Vice President of Transition Operations in connection with the spin-off of Avaya, Inc. from Lucent Technologies and, before that, she served as Vice President, Growing and Emerging Markets, of Lucent Technologies Business Communications Services, formerly AT&T Global Business Communications, which she joined in December 1994.

Organization Position Status
Advanta Corporation Board of Directors Current

Organization Position Status
Advanta Corporation Board of Directors Current

Organization Position Status
Advanta Corporation Board of Directors Current

Organization Position Status
Veritable, LP General Partner Current
Advanta Corporation Board of Directors Current
The National Audubon Society, Inc Board of Directors Current
Stolper & Company President Former

Olaf Olafsson is Executive Vice President of Time Warner, responsible for the company's corporate strategy, mergers, acquisitions and investments. Prior to that, he was Vice Chairman of Time Warner Digital Media where he was responsible for developing strategic business plans for Time Warner’s diverse digital media businesses and identifying emerging growth opportunities for the company in the digital realm. Prior to joining Time Warner, Olafsson was president of Advanta Corporation, since March of 1998 and a member of its board of directors since 1997. Previously, as founder, president and chief executive officer of Sony Interactive Entertainment, Inc., a unit of Sony Corporation established in 1991, Olafsson built and managed its businesses in the United States and Europe. During his six-year tenure, he directed the worldwide operations of Sony’s entertainment software and hardware divisions and was responsible for the introduction of the acclaimed PlayStation. He held several other positions at Sony, having begun his career at the company in 1985. Olafsson is the author of several novels, including Absolution (Pantheon, 1994), The Journey Home (Pantheon, 2000), and Walking Into The Night (Pantheon, 2003). He was born in Reykjavik, Iceland and studied as a Wien Scholar at Brandeis University, where he received his degrees in physics.

Organization Position Status
Time Warner Inc. Executive Vice President Current
Advanta Corporation Board of Directors Current
Advanta Corporation president Former
Advanta Corporation Vice Chairman Former

Organization Position Status
Advanta Corporation Board of Directors Current

Organization Position Status
Advanta Corporation Board of Directors Current

Organization Position Status
Nfib Chief Economist Current
Nfib Member Services Corporation Chief Economist Current
Nfib Legal Foundation Chief Economist Current
Advanta Corporation Board of Directors Current
Commonwealth Foundation Board of Directors Current
Global Interdependence Center Board of Directors Current
International Visitors Council Board of Directors Current
Web Solutions, Inc. Board of Directors Former
Penn Fishing Tackle Manufacturing Company Board of Directors Former
University of Michigan Ph.D. In Economics Former

Executive News

  • UPDATE 2-MOVES-Aon Global, Advanta, Barclays Wealth

    Reuters - 8/24/09 - View Story

  • Advanta laying off chief accounting officer Weinstock

    Biz Journals - 8/24/09 - View Story

  • BRIEF-Advanta says to end CAO's employment as part of cost cut initiative

    Forbes.com - 8/24/09 - View Story

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     ADVNA $0.07 0.00 (0.00% )
Average Volume 151,650
Shares Outstanding 14.41M
Market Cap 1.0M
Year High 2.45
Year Low 0.0612
Earnings Per Share N/A
P/E Ratio -
Dividend 0.71
Yield 1012.00
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