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Technology Stocks : Heritage Bank of Commerce (HTBK) play on NextCard

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To: skinydipper who wrote (6)12/12/1998 7:31:00 PM
From: Tom Nealon  Read Replies (1) of 10
 
Thansk. Yeah but I turned up a problem. According to a 12/10 report on online banking from BB Robertson Stephens, NextCard is applying for a banking license so they can do the whole deal themselves - this would ruin Heritage for this. They love NextCard to though, but until they go public it might be tough to capitalize. I'll keep abreast - maybe they'll get turned down (there's only 1 other bank that was ever approved specifically for online banking [compubank - another private co.]). Let me know if you hear anything else.
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