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


To: AugustWest who wrote (1018)10/28/1998 11:38:00 AM
From: Elsewhere  Read Replies (3) | Respond to of 2414
 
>I noticed this is new since the last time I visited it:
>http://www.republicleasing.com/netbank/learn.htm

Good observation! Today we get the press release. So they do now something about the loan side of the business - good step.

Jochen

biz.yahoo.com

Wednesday October 28, 10:46 am Eastern Time

Net.B@nk(TM) and Republic Leasing Offer Equipment Lease Financing Online
Nation's Leading Internet Bank Brings New Service to Its Customers Who Own or Manage a Business

ATLANTA, Oct. 28 /PRNewswire/ -- Net.B@nk(TM) (Nasdaq: NTBK; www.netbank.com), the Internet's leading online consumer banking and financial services provider, announced today it is teaming up with Republic Leasing Company, a nationally recognized leasing company, to offer equipment lease financing to its customers who own or manage businesses. Republic Leasing will also provide free leasing advice and comparison quotes.

''We have found that many of our current and potential consumer bank customers are independent business owners or managers. Net.B@nk wanted to help address an area that could be beneficial to those individuals by providing them access to a respected equipment leasing firm,'' said D.R. Grimes, CEO of Net.B@nk. ''Joining forces with Republic Leasing -- one of the leaders in business equipment leasing -- allows us to offer this service in the most cost effective way.''

''We are excited about entering our first online venture with Net.B@nk, the leader in Internet banking,'' said Dwight Galloway, president of Republic Leasing Company. ''This joint effort will provide Net.B@nk's customers with the benefits business owners have come to expect from lease financing, including same-day service, no down payments and approvals with little or no financial information.''

Net.B@nk, Inc., is the first profitable Internet bank in the country, having achieved profitability in the second and third quarters of 1998. Net.B@nk, Member FDIC, is America's first bank to have customers in all 50 states. Net.B@nk has quickly become the world's premier Internet bank, offering checking, money market accounts and certificates of deposits with exceptional interest rates. The bank also offers Visa(R) and MasterCard(R) credit cards, online brokerage services and mortgage lending. For more information on Net.B@nk, its products and services, visit the web site at www.netbank.com, or call 888-256-6932.

Republic Leasing Company (RLC), a division of Resource Bancshares Corporation, has originated, processed and serviced full-payout equipment finance leases for bank commercial customers since 1988. RLC's years of experience as the leasing division of a national bank as well as its extensive experience as an independent lessor will allow RLC to provide advice, comparison quotes and immediate equipment lease financing to Net.B@nk's customers. Leases of $5,000 to $500,000 are made for virtually any kind of business equipment from x-ray machines to bulldozers, computers to software. Every lease is held by RLC and all of the servicing is done in-house by its employees. For more information about RLC, please visit their web site at www.republicleasing.com.

SOURCE: Net.B@nk, Inc.