USAB - USABancShares.com Message Board

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Non-Tech : USAB - USABancShares.com

USAB 75.00

0.0%

Dec 29 4:00 PM EST

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To: Charlie Schultz who wrote (481)	4/20/1999 5:09:00 PM
From: Triffin	Read Replies (1) of 2419

Charles .. Most banks will be offering "on-line banking" as a convenience or customer service .. A few "banks" will use the reach of the internet to become "branchless" financial powerhouses using the internet as a way to "grow assets" by offering higher rates to savers/depositors and other financial services such as loan processing, on-line trading, lease financing etc. It's the NTBK/TBFC/USAB model vs the old-line "brick and mortar" boys .. to compete on rates and services the old line banks would have to 1) kill their current customer base or 2) take a big hit to earnings .. is your local bank suddenly going to offer "free checking" and "free e-billing" or higher CD rates to get you as a customer and not offer the same deal to existing depositors ???? NTBK/TBFC/USAB will only be worthwhile investments in the long run based upon their ability to grow their assets .. USAB has 185 million in assets now with a MCAP of 27.5 million @ 12 1/2 .. I'm anticipating a significant ramp-up in their "asset growth rate" as their i-net initiatives for "banking" and "brokerage" take root .. the stock price will follow .. Jim in CT ..

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