| Business Summary | | Advanta
Corp.
is
a
financial
services
company
providing
financial
products
and
solutions.
The
Company
is
an
issuer
of
Mastercard
business
credit
cards
to
small
businesses.
Currently,
the
Company's
lending
business
consists
of
Advanta
Business
Cards.
In
addition
to
Advanta
Business
Cards,
its
other
businesses
include
Advanta
Insurance
and
its
venture
capital
investment
business.
Advanta
owns
two
depository
institutions,
or
banks,
Advanta
National
Bank
and
Advanta
Bank
Corp.
Advanta's
banks
are
able
to
offer
a
variety
of
deposit
products,
such
as
retail
and
large
denomination
certificates
of
deposit.
During
the
year
ended
December
31,
2000,
the
Company's
businesses
also
included
Advanta
Mortgage
and
Advanta
Leasing. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ADVNA
provides
consumer
financial
services,
servicing
and
selling
credit
cards,
auto
loans,
mortgages,
small-ticket
equipment
leases
and
credit
insurance
products.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$142.7
million.
Net
loss
applicable
to
Common
from
continuing
operations
totaled
$40.7
million
vs.
an
income
of
$22.9
million.
Results
reflect
a
$14.3
million
loss
on
the
sale
of
securities,
higher
salaries
and
benefit
costs
and
a
$40.8
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dennis Alter, 58 Chairman
and CEO | $1.4M | William Rosoff, 57 Pres
and Vice Chairman | 5.0M | Philip Browne, 41 Sr.
VP and CFO | 566K | David Weinstock, 36 VP,
CAO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|