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Non-Tech : Nasdaq : ATLB Atlantic Bank goes Internet -- Ignore unavailable to you. Want to Upgrade?


To: Mike Milde who wrote (22)4/13/1999 8:57:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 40
 
you might want to be a bit careful on this one

in speaking to the company and listening to the conference call:

-the web site is not scheduled to be up and running until late summer

-they are a state charted bank; can not say if the state charter allows them to do internet banking outside of the state of Mass

-at present there are no firm plans on how to invest any funds they might generate over the net

-loan loss reserves and tier 1 capital requirements are under review for adaquacy

-questions about in house computer capability for net banking not answered