ADVANTA CORP
424B3, 1994-06-16
PERSONAL CREDIT INSTITUTIONS
Previous: ST PAUL COMPANIES INC /MN/, 11-K, 1994-06-16
Next: SALOMON INC, 424B3, 1994-06-16



<PAGE>   1
Prospectus Supplement                                       Rule 424(b)(3)
(To Prospectus dated April 21, 1994)                        File No. 33-53205


                                 ADVANTA CORP.
                                 
                     870,261 Shares of Class A Common Stock
                    1,720,687 Shares of Class B Common Stock




Richard A. Greenawalt, a selling stockholder named in the Prospectus,
has agreed to sell 50,000 of the Class A Shares and 50,000 of the Class B
Shares being offered by him to Hambrecht & Quist Incorporated ("Hambrecht") and
Hambrecht has agreed to purchase such shares from him for resale in a
principal's transaction, at a price of $39 per share for the Class A Shares and
$34.50 per share for the Class B Shares. In offering such shares for resale,
Hambrecht may be deemed to be a selling stockholder under the Prospectus. 
Hambrecht has advised the Company that it intends initially to offer such
shares for resale at a price of $39.25 per share for the Class A Shares and
$34.75 per share for the Class B Shares, resulting in a mark-up of $0.25 per
share for the Class A Shares and $0.25 per share for the Class B Shares.
Hambrecht has advised the Company that as of June 14, 1994, other than pursuant
to the arrangements described above, it does not beneficially own any of the
Company's Class A Common Stock or Class B Common Stock.



Dated:  June 16, 1994


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission