Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Advanta Corp. previously disclosed that in connection with its intention to reduce expenses to levels commensurate with its current activities it had commenced a workforce reduction. As part of this previously disclosed workforce reduction, Mr. David B. Weinstock, Vice President and Chief Accounting Officer (the Company's principal accounting officer) was notified on August 21, 2009 that his employment with Advanta Corp. and its subsidiaries will terminate effective September 1, 2009.

Philip M. Browne, Senior Vice President and Chief Financial Officer of Advanta Corp. will be assuming the responsibilities of the Company's principal accounting officer after Mr. Weinstock's departure.

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