NetBank

Net Bank was founded in 1996 as Atlanta Internet Bank and in 2007 the bank was already defunct. Net bank was based in Atlanta, Georgia. The bank provided different financial services that included retail banking, consumer and corporate banking, mortgage and loan banking, cash machine and merchant processing services. In 1997 the bank went public. Net Bank was one of the first financial institutions in the World Wide Web that operated only on-line. The bank offered its customers higher interest rates since there was no need to pay the rent, to buy glossy leaflets and to pay salaries to an army of staff.

Net Bank was closed by the Office of Thrift Supervision.