Yesterdays news, but somewhat interesting . . .
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Gomez Rates USABancShares.com First Among Internet Banks for Product Pricing
Business Wire - October 21, 1999 11:55
PHILADELPHIA--(BUSINESS WIRE)--Oct. 21, 1999--USABancShares.com, Inc. (NASDAQ:"USAB") today announced that it has received the nation's number one ranking associated with the cost competitiveness of its online financial products and services, according to the fall Internet Bank scorecard released this week by Gomez Advisors. The scorecard focuses on Internet-only banks and banks with $2 billion or more in deposits.
USABancShares.com also ranked in the top ten in meeting the needs of the "saver" customer profile established by Gomez, and top twenty for "overall" criteria which include ease of use, customer confidence, on-site resources, relationship services, and cost.
"September was only our first full month of online operations, and I'm thrilled that we've been acknowledged as an industry leader at such an early stage," said Ken Tepper, President & CEO of USABancShares.com. "Online banking is leveling the playing field for depositors, and we're going to lead the way in assuring that customers get the full benefit of the internet's low cost delivery channel," he concluded.
Gomez Advisors is the leading provider of e-commerce research and analysis, and provides decision support to consumers that want to transact business on the internet. For comparing product pricing among banks, Gomez.com evaluates checking accounts recommended by the bank's customer service for someone who wants to pay low fees, wants a low minimum balance and who looks to use online bill payment features. Gomez.com calculates the cost based on everything from minimum balance requirements and interest rate, to bill pay fees, and other added costs including ATM charges.
Forward Looking Statements:
Some of the statements contained in this press release discuss future expectations, contain preliminary unaudited results of operations and financial condition and state other "forward looking" information. Those statements are subject to known and unknown risks; uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements.
The forward-looking information is based on various factors and was derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, for example: general economic conditions, including their impact on capital expenditures; business conditions in the financial services industry; the regulatory environment; rapidly changing technology and evolving banking industry standards; competitive factors, including increased competition with community, regional and national financial institutions; new services and products offered by competitors; and price pressures.
CONTACT: USABancShares.com, Philadelphia
J. Alain Ferry, 215/569-4200
jaf@USABancShares.com |
