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

To: Russian Bear who wrote (2372)	3/11/2000 2:56:00 PM
From: dharampal luthra	Respond to of 2419

Here is one interesting post from Yahoo! UPDATE SUMMARY OF THIS SEXY USAB BANK by: investoften 3/10/00 11:00 pm Msg: 36380 of 36388 An 111 year old Philadelphia thrift institution converted to a stock company in 1996 and powered an INTERNET BANKING/BROKERAGE SITE around October 1999. Since then (Just 5 short months) it has achieved the following: 1. 20000 CUSTOMERS by Mar 10, 2000 with 1/3 of them for its Certificate of Deposit Business and the rest for its 5% checking accounts with Free Bill Pay, Free ATM access anywhere and no account fees whatsoever. There is well over $100 Million in on-line deposits. usabancshares.com 2. Entertainment supplication with UsaTV in collaboration with Yahoo. 3. A macromedia Flash component demo installed. 4. It is the First bank(not just internet bank) to announce on 2/29/00 that it has developed a PALM 7 interface allowing two way communication to do your banking (Money Transfer, Bill Pay etc).More coverage in American Banker: messages.yahoo.com 5. A business to business bank launched. It has its first customer (CustomAuto.com) already. Enhancements underway. b2banc.com 6. Its market cap is around $45 Million compared to $450 for NetB@ank that has approx 7 times the number of customers. 7. Several Marketing channels have been intitiated lately (Primary bank offered to 3.0 Million Earthlink Members, 600,000 E-machine Customers, Sytemax promotion on Home Shopping Network on TV, DIRECT TV ADVERTISING ON CNBC AND MSNBC, Chosen bank for Rock star Bowie's fans) 8. Rated #1 in Product Cost by Gomez and #18 overall. Improvements continue. 9. USAB IS THE ONLY BANK WHICH HAD STOCK PRICE GO UP IN THE LAST 12 MONTHS, BEATING THE HEAVYWEIGHTS LIKE WELLS FARGO, USBANCORP, NETB@ANK ETC. 10. BANK INVESTS IN COMMERCIAL REAL ESTATE. LAST YEARS RATES 8.75%. RATES ARE 1% HIGHER THIS YEAR. FOR EVERY $100 MILLION INVESTED, THE BANK CAN EARN GROSS= 100 (9.75-5.45)=$4.2 mILLION. CALCULATE FOR A BILLION NOW!!!!THE MODEL WORKS... 11. USAB now also has a BROKERAGE. 12. Forbes applauds "sexiness" of banking at USAB: forbes.com **My Interpretations / Opinions only Please verify for DD and before investing Investoften For a very DETAILED ANALYSIS read 7 posts starting here: messages.yahoo.com USAB A Very Different GROWTH COMPANY **