NetBank(NTBK)-formerly Atlanta Internet Bank Message Board

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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: Mike Milde who wrote (340)	4/22/1998 12:36:00 AM
From: Les White	Read Replies (1) of 2414

>>Where is AIB's income coming from<< Mike, they've been buying assets wholesale. A block of loans initially from Carolina Bank, their parent, and maybe more since then. They bought Premire bank which had about 88 mil in assets, sold off some but kept most. Since they have no consumer loan products up and running yet they've got to buy loans from other banks to keep their deposits working. Hopefully they'll be launching their consumer loan products soon to balance out their business plan. Les

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