NationsBank Passes Wells Fargo as Second Largest Internet Bank (NetBanker)

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NationsBank Passes Wells Fargo as Second Largest Internet Bank

By Jim Bruene on March 21, 1997 3:07 PM | Comments (0)

NationsBank (Charlotte, NC; $192 billion; 5.1 million ATM cards) passed Wells Fargo to became the second largest online bank as measured by total number signed-up for online banking services. Only Citibank is estimated to have more. Just six weeks after reaching the 250,000 subscriber milestone, the bank added another 70,000 to reach 320,000 users, a 28% increase. There is a downside to this kind of growth, customer service. The inevitable start-up woes even made for a full-page American Banker story on March 12. Largest%20Online%20Banks.jpg

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