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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?


To: AJ Berger who wrote (1619)7/26/1999 11:21:00 PM
From: Jimbo Cobb  Read Replies (2) | Respond to of 2419
 
Brinks and Morters that go online will do
fine, but purely virtual bank will fail,
for the many years it will take the average
consumer to learn how to benefit from them.


I see you are still smoking the same weed you were on last time we crossed paths....that's what many said after the NTBK IPO when it was selling for about $3 (split-adjusted)....NTBK is profitable already and plans to have over $1 billion in assets by the end of the year...They have grown at a rate no brick-and-morter bank could ever have hoped to achieve.... Don't get me wrong, I own long-term stock in plenty brick-and-morter banks like CCB, GRAN, ISFC to name a few (and I currently don't own any net-only banks since I've taken my profits on NTBK and now USAB for now...)

Jimbo.