Future Hall of Fame Quarterback Dan Marino Announces MarinoVirtualBank Where Opening An Account Benefits Children Across America.Business Editors/Hi-Tech Writers NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--May 11, 2001 Marino and VirtualBank(TM), a Nationwide Technology Leader in Banking, Launched Yesterday and Awarded 100 Percent of Ongoing Partner Proceeds to Marino Charities Dan Marino, future Hall of Fame quarterback, successful South Florida businessman and philanthropist, announced yesterday the opening of MarinoVirtualBank (http://marino.virtualbank.com), which will target professional athletes, affluent investors, families, and members of his own charitable networks. MarinoVirtualBank is powered by VirtualBank(TM), one of the country's leading, technology-based 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. firms with more than $2.8 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Marino joined VirtualBank Chairman and Chief Executive Officer Rory A. Brown at a press conference last night to unveil the charitable impact of the MarinoVirtualBank venture and to celebrate the grand opening of VirtualBank's corporate headquarters in Palm Beach Gardens, Fla. "My association with VirtualBank since its inception has convinced me that opening MarinoVirtualBank is an opportunity for me to help build a thriving thrive intr.v. thrived or throve , thrived or thriv·en , thriv·ing, thrives 1. To make steady progress; prosper. 2. business while benefiting positive programs that improve the lives of children," said Marino. Marino will donate 100 percent of his share of the proceeds from MarinoVirtualBank to Marino charities including The Dan Marino Foundation. Established in March 1992, the Dan Marino Foundation's mission is to support integrated treatment programs for children with chronic illnesses and developmental disabilities developmental disabilities (DD), n.pl the pathologic conditions that have their origin in the embryology and growth and development of an individual. DDs usually appear clinically before 18 years of age. , so they can lead healthier and happier lives. "We pursued this joint venture with Dan because he's among the most prominent, well respected leaders in South Florida. You won't find a better partner. He's a great guy who is genuinely committed to extending his success to enrich business and community initiatives," said Brown. "Through our strategic alliance, we can offer clients a first-class banking service along with a charitable incentive to apply." MarinoVirtualBank takes advantage of the latest in today's technology to save clients time and streamline their financial record-keeping. Through the Internet and VirtualBank's proprietary technology, MarinoVirtualBank will offer clients the convenience of banking online with premium rates and value, along with an unprecedented level of personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service through an assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. Relationship Manager across products. Clients can apply for a full suite of deposit and lending products, free account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. , free bill payment and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal through an innovative technical platform that is uninhibited uninhibited /un·in·hib·it·ed/ (un?in-hib´i-ted) free from usual constraints; not subject to normal inhibitory mechanisms. by the product-centered bureaucracy and legacy systems of traditional banks. In addition, Dan has directed his entire cash compensation for every new account that is opened to Dan Marino charities, initially earmarked for the Dan Marino Foundation. Ongoing funds will be directly deposited monthly into targeted Marino charities that benefit children across America. As part of the grand opening event, VirtualBank celebrated the opening of its new corporate headquarters and reported a profitable first quarter performance, becoming one of the first banks ever to demonstrate GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). net income within its first 12 months of operation. Where many technology-based companies are suffering, Brown attributes VirtualBank's performance to "superior technology and a business plan that emphasizes lending and wealth management products for high net worth individuals." About VirtualBank VirtualBank is one of few growing, profitable and technology-literate financial services firms to prosper during recent economic turmoil. VirtualBank's technology platform is being used and co-branded within many of today's most successful companies and organizations, including EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. 2, WorldCom, Textron and The Association of Compaq Employees. VirtualBank was voted "Best Online Bank" in the October 2000 issue of Money Magazine. More information about the company can be obtained by visiting its Web site at http://www.virtualbank.com or by calling 877.998.2265. |
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