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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: TLindt who wrote (80)3/12/1998 9:46:00 PM
From: Thomas Murphy  Read Replies (2) of 2414
 
My banks been offering on-line service for 6 months (Bank of America)...But they can't offer 4% interest on standard checking, 5.5% on Cd's and money market accounts, cheaper loans etc....To much brick and mortar....If full-service Internet banking is a success...for AIB and the few that follow...the big boys will find there way in if they want to...but thats down the road. AIB will find its niche and should be firmly established, and at that point it will be just another bank stock....pretty darn profitable. I really don't think Citicorp and the like are worrying about losing business to AIB. Don't sweat the article.
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