Their mission is to offer deposit products at very competitive rates, while providing their customers with peace of mind knowing their deposits are safe, secure and growing! Headquartered in Draper, Utah, ABC is a subsidiary of Advanta Corp., a publicly-held financial services holding company. ABC is a Utah industrial bank regulated by the Utah Department of Financial Institutions. ABC is one of the nations largest issuers of MasterCard business-purpose credit cards to small businesses and business professionals, and as of December 31, 2008 held $3.1 billion in owned assets, including cash and liquid investments of $2.4 billion. ABC’s total risk-based and Tier 1 capital ratios of 38.4% and 35.4% are well above required levels.

ABC is a member of the Federal Deposit Insurance Corporation (FDIC) and its deposits are FDIC insured up to the maximum allowable limits per depositor. The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. ABC is both innovative and resourceful in running its operations to hold down costs and heighten customer convenience. ABC keeps its operating expenses low by servicing customers through mail, telephone and electronic media. Maintaining low operating expenses allows us to pass savings along to the depositor in the form of higher interest rates.

For more information, please visit https://vault.advantabankcorp.com