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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: fiberman who wrote (86293)	7/23/1999 2:20:00 PM
From: Rock_nj	Read Replies (1) of 119973

Another USAB press release today: USA Awarded $88,000,000 Performing Loan Portfolio PHILADELPHIA--(BUSINESS WIRE)--July 23, 1999--USABanc.com (NASDAQ:USAB - news) today announced that its FDIC insured banking subsidiary ''vBANK'' was the successful acquirer of $88,000,000 in loans awarded through the recent RTC Trust Fund Termination Sale, managed by Chase Manhattan Bank as trustee. The loans are comprised primarily of performing adjustable rate commercial and multi-family real estate first mortgages. ''Loan growth is a priority component of USABanc.com's business plan. While deposits are always essential, asset deployment is likely to become an increasingly important measure of performance for online banks,'' stated Ken Tepper, President & CEO of USABanc.com. Tepper added that loan acquisitions would remain an integral part of the company's operations. ''These loans are a great addition to our existing loan portfolio, and give us added economies of scale in growing the size of the bank,'' added Craig Scher, Director of vBANK's loan and asset acquisition initiatives. Closing and transfer of assets will occur July 30, 1999.

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