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Old 09-28-2007, 06:59 PM   #1
HighEnergy
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Does anyone use Netbank?

Or should I say did anyone use Netbank?

Seems like the FDIC turned out the lights there today, Fri Sep 28th.
http://www.netbank.com/
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Old 09-28-2007, 07:36 PM   #2
mikesinner
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Looks like they just got bought out by a bigger bank
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Old 09-28-2007, 07:49 PM   #3
JakeR
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Looks like they just got bought out by a bigger bank
no, it doesn't.
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Old 09-28-2007, 07:58 PM   #4
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I almost opened an acct there a few months back. Glad I didn't now.
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Old 09-28-2007, 08:00 PM   #5
After Shock Media
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Nope only ING here.

Very trusted plus they survived the dot com bust with their current business model.
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Old 09-28-2007, 08:34 PM   #6
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Looks like ING scored a good deal here ->

"ING DIRECT, the nation’s largest direct bank and fourth largest thrift (part of Netherlands-based ING Groep NYSE: ING), today announced it will acquire $1.4 billion in deposits and 104,000 new customers of Netbank for $14 million."
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Old 09-28-2007, 08:52 PM   #7
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No, I don't use Netbank
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Old 09-28-2007, 08:53 PM   #8
DateDoc
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Looks like ING scored a good deal here ->

"ING DIRECT, the nation?s largest direct bank and fourth largest thrift (part of Netherlands-based ING Groep NYSE: ING), today announced it will acquire $1.4 billion in deposits and 104,000 new customers of Netbank for $14 million."
that is 10 cents on the dollar!
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Old 09-29-2007, 10:44 AM   #9
HighEnergy
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Originally Posted by BusterPorn View Post
that is 10 cents on the dollar!
ummm ... the deposits belong to the account holders, not ING.

"ING, which also assumed $724 million in NetBank assets, is one of the largest Internet-only banks in the country with 6 million customers.

EverBank, a mostly online bank based in Jacksonville, on Friday said it would buy another $700 million in NetBank assets and is doing well."


ref: http://www.ajc.com/business/content/...ge_tab_newstab
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Old 09-29-2007, 11:00 AM   #10
DateDoc
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ummm ... the deposits belong to the account holders, not ING.
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Old 09-29-2007, 11:50 AM   #11
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Basically if you had $100,000 or less, you are getting your money. If you had over $100,000 deposited you might be kicking yourself right now.

"NetBank had $109 million in deposit accounts that exceeded the FDIC limit. Those customers will become creditors in NetBank's receivership, the FDIC said."
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