NetBank Takes Over CompuBank Accounts

Share this content:
NetBank, an online full-service bank, has acquired all of the deposit accounts from its competitor, Houston-based CompuBank.


NetBank, Alpharetta, GA, said the acquisition would add 50,000 accounts to its 170,000 current accounts.


CompuBank laid off roughly a third of its 200 workers last week and said most of the remaining employees would work short-term on transferring customer accounts to NetBank. The bank would not disclose its closing plans.


NetBank expects the account conversions to be completed in the second quarter.


Four-year-old NetBank's assets at the end of 2000 totaled $2 billion. CompuBank would not provide the value of its assets.


Loading links....
close

Next Article in Opinions

Sign up to our newsletters


Company of the Week


SK&A is a leading provider of U.S. healthcare information solutions and databases. As part of IMS Health, SK&A researches and maintains contact and profiling data for over 2 million healthcare providers, including 800,000+ prescribers. SK&A's data supports research and marketing initiatives for life sciences, medical device, managed healthcare, direct marketing, publishing, education and more. SK&A's proprietary databases are telephone-verified twice per year from its world class Research Centers. SK&A enables multi-channel marketing and sets the standard for data quality and reliability. SK&A's customers include many of America's most recognized healthcare, publishing and pharmaceutical institutions.


Featured Listings