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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Lord Data who wrote (129)	3/19/1998 11:49:00 AM
From: AugustWest	Respond to of 2414

>> Are they planning to sell any kind of insurance? What other services to they plan to offer? I'll let someone with more knowledge field that one. As far as employees, Yahoo profile claims 15. yes, a whopping 15 employees. If this is outdated, someone please clarify.thanks.

To: Lord Data who wrote (129)	3/19/1998 12:46:00 PM
From: Les White	Read Replies (1) \| Respond to of 2414

>>potential insurance offerings<< AIB has not announced any specific plans to expand their services beyond traditional banking services but they will have the infrastructure and customer base in place to do so in the future. Most banks offer credit life insurance with their mortgages. It's a rip but good profit when they can get it. My expectation of future insurance offerings from AIB is based on a conversation I had with Steven Dunlap, founder of G&L Bank (an upcoming internet bank), which will be going public 3Q98. SD definitely plans to expand into insurance offerings as well as many other financial services. He told me that the insurance offerings were potentially far more profitable than the banking services and that the web bank would be a spring board to other services. G&L has the same structure as NTBK, ie holding company owns all bank stock. Holding company is public entity which if free to expand into other areas of internet financial services. It's easy. Just start an insurance company. Holding company buys all the stock to initially capitalize the insurance company. Insurance company uses the online banking customer base as a spring board. Holding company shareholders benefit if successful. I suspect AIB management knows all of the above and will be exploring other financial service offerings when the time is right for them. Les