Net.B@nk
D.R. Grimes, CEO of the latest Internet darling, Net.B@nk (Atlanta, GA; $388 million; 25,000 online accounts), indicated on a recent Radio WallStreet www.vcall.com/log.asp?callid=411 Webcast interview that the bank was looking at offering electronic safe deposit boxes “the Internet equivalent of a traditional safe deposit box people are used to.” Grimes also said that the bank doubled their checking account business in the first quarter, calling them “our core customers.” The bank is also looking at insurance products.
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