SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?


To: Mike Milde who wrote (2002)6/22/1999 2:22:00 PM
From: Bruce A. Thompson  Respond to of 2414
 
Mike,

ATLANTA, June 9 /PRNewswire/ -- Net.B@nk(TM), Member FDIC (Nasdaq: NTEK) (http://www.netbank.com), the largest FDIC-insured bank operating solely on the Internet, has more than doubled its account base since January 1, 1999 from more than 17,000 to over 35,000, CEO D.R. Grimes announced today. Grimes attributed the growth to the success of the bank's new marketing and branding strategy, its high-yielding, low-fee deposit products and its superior customer service.

I believe that both the 35k and the 37k #'s are short. From previous research done:

Message 9936846

BT



To: Mike Milde who wrote (2002)6/22/1999 5:26:00 PM
From: Investor in MI  Read Replies (1) | Respond to of 2414
 
I disagree with the account number. I think it is more likely that customers would open one account to learn how the system works. I Netbanked for over a year on a single account. Recently I added an account with bill pay and I am hooked! I do agree that the customer # is less than the account #, but my theory also supports continued account growth as people get "get hooked" on Netbanking.



To: Mike Milde who wrote (2002)6/22/1999 11:36:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 2414
 
Mike, what you are saying doesn't really make much sense. You say that Telebank cost E*Trade about $100,000 per account, and then you go on to say that NetBank's accounts have no value. If it is soooo easy to pick up a new account, why did E*Trade pay $100,000 per account!

Many things look simple WHEN YOU KNOW HOW TO DO IT and CAN DO IT!

NTBK: $ 34

VALUESPEC