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

To: Czechsinthemail who wrote (980)	10/16/1998 3:24:00 PM
From: Elsewhere	Respond to of 2414

>Can anyone comment on the business model of NTBK? Have you browsed through the previous 979 posts? >I'm wondering first how they compare with traditional banks Net.B@nk has a much lower cost structure. CEO Grimes estimates that while traditional banks need about 20 employees per $100 million deposits NTBK will only need 4-5. >and how they compare with other Internet banks There aren't many pure ones yet. CompuBank is the only other pure Internet bank. TeleBank (TBFC) is a phone bank which has extended into Net banking. >How financially stable is it? Q3 earnings are due Monday. If they survive the LTCM debacle and the credit crunch in the past weeks they are reasonably stable. Not to forget - they are FDIC-insured. >I'm also wondering about the risks of major banks entering >the Internet arena in a way that might crowd NTBK and some >of the other small players. NTBK will be a more flexible player than the big traditional banks which have a lot of overhead. Jochen