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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Advanta Corp.
- ------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
007942105
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(CUSIP Number)
Page 1 of 8 Pages.
CUSIP No. 007942105
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Bank Corp. 25-1435979
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Pennsylvania
Number of Shares 5) Sole Voting Power 1,015,632
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 685
8) Shared Dispositive Power 1,466,629
9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,482,261
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 13.7
12) Type of Reporting Person (See Instructions) HC
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Advanta Corp.
- ------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
007942105
- ------------------------------------------------------------------------------
(CUSIP Number)
Page 2 of 8 Pages
CUSIP No. 007942105
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Bancorp, Inc. 51-0326854
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 1,015,632
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 685
8) Shared Dispositive Power 1,466,629
9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,482,261
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 13.7
12) Type of Reporting Person (See Instructions) HC
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Advanta Corp.
- ------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
007942105
- ------------------------------------------------------------------------------
(CUSIP Number)
Page 3 of 8 Pages
CUSIP No. 007942105
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
above persons
PNC Bank, National Association 22-1146430
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization United States
Number of Shares 5) Sole Voting Power 1,007,082
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 385
8) Shared Dispositive Power 1,466,629
9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,473,721
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 13.6
12) Type of Reporting Person (See Instructions) BK
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ITEM 1(a) - NAME OF ISSUER: Advanta Corp.
ITEM 1(b) - ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Welsh & McKean Roads, P.O. Box 844,
Spring House, Pennsylvania 19477-0844
ITEM 2(a) - NAME OF PERSON FILING:
PNC Bank Corp.; PNC Bancorp, Inc.; and PNC Bank, National Association
ITEM 2(b) - ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:
PNC Bank Corp., One PNC Plaza, 249 5th Avenue, Pittsburgh, PA 15222-2707
PNC Bancorp, Inc., 222 Delaware Avenue, Wilmington, DE 19899
PNC Bank, National Association, One PNC Plaza, 249 5th Avenue,
Pittsburgh, PA 15222-2707
ITEM 2(c) - CITIZENSHIP:
PNC Bank Corp. - Pennsylvania
PNC Bancorp, Inc. - Delaware
PNC Bank, National Association - United States
ITEM 2(d) - TITLE OF CLASS OF SECURITIES:
Class A Common Stock
ITEM 2(e) - CUSIP NUMBER:
007942105
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ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ X ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act,
(e) [ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund,
(g) [ X ] Parent Holding Company, in accordance with Rule 13d-(b)(ii)(G),
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4 - OWNERSHIP:
The following information is as of April 30, 1997:
(a) Amount Beneficially Owned: 2,482,261 shares
(b) Percent of Class: 13.7
(c) Number of shares to which such person has:
(i) sole power to vote or to direct the vote 1,015,632
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 685
(iv) shared power to dispose or to direct the disposition of 1,466,629
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ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Since such securities are held in numerous accounts, principally at PNC Bank,
National Association, other persons may have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities. Such interest of Dennis Alter, one such accountholder, who is
Chairman of the Board of Advanta Corp., relates to 1,466,629 shares of Class A
Common Stock or approximately 8.1% of such class.
ITEM 7 - IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Included are the following subsidiaries of PNC Bank Corp. - HC:
PNC Bancorp, Inc. - HC (wholly owned subsidiary of PNC Bank Corp.)
PNC Bank, National Association - BK (wholly owned subsidiary of
PNC Bancorp, Inc.)
PNC Bank, Delaware - BK (wholly owned subsidiary of PNC Bancorp, Inc.)
PNC Bank, Ohio, National Association - BK (wholly owned subsidiary of
PNC Bancorp, Inc.)
ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9 - NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10 - CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
May 9, 1997
-------------------------------------------------------
Date
/s/ THOMAS R. MOORE
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Signature - PNC Bank Corp.
Thomas R. Moore, Vice President and Assistant Secretary
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Name/Title
May 9, 1997
------------------------------------------------------
Date
/s/ PAUL L. AUDET
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Signature - PNC Bancorp, Inc.
Paul L. Audet, Vice President
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Name/Title
May 9, 1997
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Date
/s/ THOMAS R. MOORE
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Signature - PNC Bank, National Association
Thomas R. Moore, Vice President and Assistant Secretary
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Name/Title
SEE AGREEMENT ATTACHED AS EXHIBIT A
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AGREEMENT EXHIBIT A
May 9, 1997
The undersigned hereby agree to file a joint statement on Schedule 13G
under the Securities Exchange Act of 1934, as amended (the "Act") in connection
with their beneficial ownership of common stock issued by Advanta Corp.
Each of the undersigned states that it is entitled to individually use
Schedule 13G pursuant to Rule 13d-1(c) of the Act.
Each of the undersigned is responsible for the timely filing of the
statement and any amendments thereto, and for the completeness and accuracy of
the information concerning each of them contained therein but none is
responsible for the completeness or accuracy of the information concerning the
others.
This agreement applies to any amendments to Schedule 13G.
PNC BANK CORP.
BY: /s/ THOMAS R. MOORE
-----------------------------------------
Thomas R. Moore, Vice President and
Assistant Secretary
PNC BANCORP, INC.
BY: /s/ PAUL L. AUDET
-----------------------------------------
Paul L. Audet, Vice President
PNC BANK, NATIONAL ASSOCIATION
BY: /s/ THOMAS R. MOORE
-----------------------------------------
Thomas R. Moore, Vice President and
Assistant Secretary
