Banking with NetBank Is Even More Convenient Thanks to New ATMs; Customers Can Access Funds from More Than 5,000 NetBank-Branded ATMs Across the Country.Business Editors ATLANTA--(BUSINESS WIRE)--April 21, 2004 NetBank(R) (www.netbank.com), the country's first commercially successful Internet bank and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NetBank, Inc. (Nasdaq: NTBK), today announced that customers will have access to more than 5,000 NetBank ATMs across the country. The company is in the process of branding the ATMs that were attained in last year's acquisition of Financial Technologies, Inc (now NetBank Payment Systems). NetBank's new ATM network is the fourth-largest of any bank in the nation. "Having ATMs in convenient locations, like grocery stores, makes juggling the demands of your business and household affairs less burdensome," said Douglas K. Freeman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , NetBank, Inc. "NetBank is about offering a more convenient way to bank." NetBank's ATM network covers all 50 states, and machines can be found in locations that customers already visit on a frequent basis. For example, 65 percent of NetBank's ATMs are located in retail establishments such as convenience and grocery stores. The company is branding the machines and bringing them online in phases according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the regions with the highest concentrations of NetBank customers. The process is scheduled to be complete this summer. "In addition to giving our retail and small business customers even greater access to their funds, these ATMs will allow us to build more awareness for the NetBank brand and to promote our products and services through another channel," said Eve McDowell, chief sales & customer fulfillment executive, NetBank. One way NetBank will promote its products is through a promotion that targets non-NetBank customers who use the ATMs. The promotion on the back of the transaction receipt directs consumers to a special NetBank Web site where they are eligible to receive a $50 bonus for opening a NetBank checking account. Customers can locate the nearest NetBank ATM by accessing the ATM locator on the NetBank Web site at www.netbank.com/tools.htm. In addition to the 5,000-plus NetBank ATMs, customers will continue to have access to more than 6,700 surcharge-free ATMs that are part of the STAR, NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). and CU-24 networks. NetBank never charges its customers for using any ATM. About NetBank NetBank(R), the country's first commercially successful Internet bank, provides a full line of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in all 50 states designed around the needs and lifestyles of its customers. Since it operates no branches, NetBank is focused solely on providing the best automated banking experience in the industry while passing along its cost savings through higher deposit rates and free account services. Through its mortgage lending subsidiaries, Market Street Mortgage(R) and RBMG RBMG Resource Bancshares Mortgage Group, Inc (R), NetBank ranks as a top 30 U.S. mortgage lender. The company's ATM and merchant processing subsidiary, NetBank Payment Systems, operates the fourth-largest proprietary ATM network of any U.S. bank. NetBank, Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. and Member FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). , is a primary operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of NetBank, Inc. (Nasdaq: NTBK), a diversified financial services company. For more information on NetBank's products and services, please visit www.netbank.com. |
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