Advanta Bank Corp. One of Top Community Banks in American Banker Survey.

Business Editors/Financial Writers

SPRING HOUSE, Pa.--(BUSINESS WIRE)--July 18, 2000

Advanta Corporation's (NASDAQ: ADVNB; ADVNA) Utah-based industrial loan corporation, Advanta Bank Corp., has been listed as one of the nation's top community banks based on return on average assets in a recent American Banker survey.

Advanta Bank Corp. ranked third on the list of 100 with a return on average assets of 7.93% as of the March 31, 2000 survey date. Advanta Bank Corp. reported net income of $13.6 million as of March 31, 2000, increasing 95% over the prior year.

Advanta Bank Corp.'s primary product is Advanta's business credit card which offers innovative benefits and services to small businesses. Advanta Business Cards reported net income of $8.6 million as of the March 31, 2000, a 156% increase year on year.

Advanta also operates its third party subprime mortgage servicing business through Advanta Bank Corp. Advanta is recognized as the largest contract servicer of subprime mortgages in the country, with a servicing portfolio at least two and a half times as large as its next largest competitor according to industry sources. As of March 31, 2000, Advanta serviced over $13 billion in mortgage loans for third parties.

The American Banker survey defined "community banks" as independent banks with total assets under $1 billion or banks owned by a holding company with total assets under $1 billion. Advanta Bank Corp.'s assets as of March 31, 2000 were approximately $775.7 million.

Advanta (http://www.advanta.com) is a highly focused financial services company with over 2,800 employees, servicing over $25 billion of assets, including $12.5 billion in its own managed assets and over $13 billion in assets managed for third parties. Advanta provides consumers and small businesses with targeted financial products and services, including non-conforming mortgages, business credit cards, equipment leases, insurance and deposit products.

Advanta has leveraged its first-class direct marketing and information based expertise to develop state-of-the-art data warehousing and statistical modeling tools that identify potential customers and new target markets.

Advanta created one of the first automated underwriting and sales engines in the non-conforming mortgage industry. The Company also offers its customers and business partners a broad range of self-service financial solutions and other services on the Internet. Advanta was ranked one of the 500 Most Admired Companies in America in FORTUNE Magazine's most recent annual survey.

This Press Release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The most significant among these risks and uncertainties are: (1) relationships with significant vendors, business partners and customers; and (2) the effects of government regulation, including restrictions and limitations imposed by banking laws, regulators, examinations and regulatory agreements. Additional risks that may affect the Company's future performance are detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.