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Non-Tech : ET and the Rest -- Ignore unavailable to you. Want to Upgrade?

To: Curtis E. Bemis who wrote (2491)	12/4/2000 9:34:25 AM
From: BWAC	Respond to of 5459

Beating and banging at $8 even.

To: Curtis E. Bemis who wrote (2491)	12/4/2000 9:56:24 AM
From: BWAC	Read Replies (1) \| Respond to of 5459

Like it seems to matter, just another 20% increase from the last reported numbers: Monday December 4, 9:04 am Eastern Time Press Release SOURCE: ETRADE Bank ETRADE Bank(SM) Leads Industry as First Pure-Play Internet Bank to Top $11 Billion in Assets and $5 Billion in Deposits Nation's 19th Largest Savings Bank Doubles Assets and Deposits Through Aggressive Acquisition Strategy and Effective Marketing Campaign ARLINGTON, Va., Dec. 4 /PRNewswire/ -- ETRADE Bank, a wholly-owned subsidiary of ETRADE Group, Inc. (Nasdaq: EGRP - news), and the nation's largest pure-play Internet bank, continues to maintain its leadership position through an aggressive asset acquisition strategy and an effective marketing campaign, becoming the first and only pure-play Internet bank to cross the threshold of $11 billion in assets and $5 billion in deposits. ETRADE Bank has more than doubled in size compared to one year ago, when it reported $4.9 billion in assets and $2.3 billion in deposits. The Bank's acquisition strategy and high profile marketing has resulted in an aggressive growth rate of 125% for assets and 117% for deposits over the past 12 months, which far exceeds the industry standard of 7%, based on current FDIC data. By surpassing these milestones of $11 billion in assets and $5 billion in deposits, ETRADE Bank, the nation's 19th largest federally chartered savings bank, is now poised to rapidly advance to a position in the top 15 federally chartered savings banks by year end. ETRADE Bank was the first and only pure-play Internet bank to break into the ranks of the top 20 federal savings banks by crossing $8 billion in assets and $4 billion in deposits earlier this year. The Bank first set an industry milestone when it crossed the threshold of the top 50 with $2 billion in assets in January 1999. ``It's a tremendous growth story, more than doubling assets and deposits year over year,'' said Mitchell H. Caplan, chief banking officer of ETRADE Group, Inc. ``Through our aggressive asset acquisition strategy and an effective marketing campaign that truly resonates with value-conscious consumers, ETRADE Bank not only continues to dominate the pure-play competition, we continue to advance steadily on traditional brick & mortar territory.'' ETRADE Capital Markets, Inc. manages the Bank's portfolio of high-quality mortgages, mortgage-backed securities, auto loans, municipal bonds and corporate securities while maintaining a conservative interest rate risk strategy. By leveraging the expertise of ETRADE Capital Markets, Inc., the Bank generated over 56 percent of ETRADE Group's total interest income and nearly one-third of gross revenue in the quarter ending September 30, 2000. ``Going forward,'' Caplan continued, ``ETRADE Capital Markets will play an even greater part in boosting the bottom line as we continue to advance into an expanding selection of diversified asset classes and move aggressively into third party asset management.'' Through the efficiencies of its all-electronic delivery platform, ETRADE Bank provides customers with the superior value of premium interest rates, low or no fees, free online bill payment and 24 hour access to all accounts. Recently, ETRADE Bank launched the new ETRADE Bank Money Market Plus account, another value-added FDIC-insured Internet banking product that provides customers super-premium rates plus instant access to cash. The bank continues to advance its customer value proposition through ETRADE Access, Inc., now the third largest ATM network operating in the United States with approximately 9,600 ATMs nationwide. ETRADE Bank also recently launched the ATM Locator on its web site to give customers greater access to branded physical touchpoints, providing the location of the nearest ETRADE Access ATM simply by entering a zip code. In addition, ETRADE Group raised the benchmark for the wireless financial services industry by launching one of the industry's first wireless platforms to include an integrated banking and brokerage solution. With growth in deposits and assets more than doubling year over year, E*TRADE Bank has become the online bank of choice for a growing number of consumers who are demanding the superior value of the Internet and other electronic delivery channels. Online banking continues to penetrate an increasing number of U.S. households, while branch-based transactions continue to decline. An October 2000 report by Jupiter Communications Inc. predicts that the number of households banking online will grow nearly five-fold, from 7.6 million households in 1999 to almost 34.2 million households by 2005.