|
NetBank
NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was a direct bank. Netbank suffered from bank failure and was closed by regulators on September 28, 2007. It deposits were acquired by ING Group and the Netbank.com domain name was acquired by Axos Financial. History The company was founded in February 1996 as Atlanta Internet Bank, one of the first direct banks in the United States. Using a business model typical of direct banks, NetBank paid higher than average interest rates in exchange for not having physical bank branches. On July 29, 1997, NetBank Inc, completed its initial public offering, raising $42 million. In 1998, the company changed its name to Net.B@nk. In 1999, during the dot-com bubble, NetBank's stock price per share ranged from $3.50 to $83. In March 2001, the bank acquired deposit accounts from CompuBank. In July 2001, the bank acquired Market Street Mortgage. In 2002, the bank acquired Resource Bancshares Mortgage Group. Dougla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NetBank Logo
NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was a direct bank. Netbank suffered from bank failure and was closed by regulators on September 28, 2007. It deposits were acquired by ING Group and the Netbank.com domain name was acquired by Axos Financial. History The company was founded in February 1996 as Atlanta Internet Bank, one of the first direct banks in the United States. Using a business model typical of direct banks, NetBank paid higher than average interest rates in exchange for not having physical bank branches. On July 29, 1997, NetBank Inc, completed its initial public offering, raising $42 million. In 1998, the company changed its name to Net.B@nk. In 1999, during the dot-com bubble, NetBank's stock price per share ranged from $3.50 to $83. In March 2001, the bank acquired deposit accounts from CompuBank. In July 2001, the bank acquired Market Street Mortgage. In 2002, the bank acquired Resource Bancshares Mortgage Group. Douglas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alpharetta, Georgia
Alpharetta is a city in northern Fulton County, Georgia, United States, and is a part of the Atlanta metropolitan area. As of the 2020 US Census, Alpharetta's population was 65,818 The population in 2010 was 57,551. History In the 1830s, the Cherokee people in Georgia and elsewhere in the South were forcibly relocated to the Indian Territory (present-day Oklahoma) under the Indian Removal Act. Pioneers and farmers later settled on the newly vacated land, situated along a former Cherokee trail stretching from the North Georgia mountains to the Chattahoochee River. One of the area's first permanent landmarks was the New Prospect Camp Ground (also known as the Methodist Camp Ground), beside a natural spring near what is now downtown Alpharetta. It later served as a trading post for the exchanging of goods among settlers. Known as the town of Milton through July 1858, the city of Alpharetta was chartered on December 11, 1858, with boundaries extending in a radius from the city ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EverBank
EverBank, now TIAA Bank, is an American diversified financial services company providing banking, mortgages, and investment, investing services. It is based in Jacksonville, Florida, U.S. It operates through standard banking offices and through its Virtual bank, Direct Banking division. EverBank Direct operates by Telephone banking, telephone, Mail banking, mail, and over the Online banking, Internet. As of September 30, 2015, EverBank had approximately $25.2 billion in total assets. On August 8, 2016, TIAA reached a deal to buy EverBank for $2.5 billion in cash. This announcement, made around two weeks after EverBank stated it was in talks to be acquired, will see stockholders receive $19.50 per share in cash. TIAA's acquisition of EverBank was complete on June 12, 2017. As of June 4, 2018, EverBank Financial Corp is now known as TIAA Bank. History While the roots of EverBank stretch back to 1961, the current incarnation was formed in 1994 when Chairman Robert Clements led an i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CompuBank
CompuBank, N.A. was a financial company engaged primarily in retail banking, mortgage banking, business finance and providing ATM and merchant processing services. CompuBank was founded in 1998 by banking veteran Frank Goldberg and launched on the internet in early October the same year. It was one of the pioneers of the Internet banking industry, and recognized as one of the first internet-only banks. Headquartered in Suite in Suite 215 in 2 Greenway Plaza East, Houston, Texas, CompuBank was third internet-only bank, and the first American nationally chartered as a national bank by the Office of the Comptroller of the Currency operating solely on the internet. The previous two Net-only banks, Security First Network Bank (SFNB) and NetBank (formerly Atlanta Internet Bank), used thrift charters. CompuBank offered a variety of depository products and services including: basic checking, interest checking, savings, money market accounts, certificates of deposits, visa check cards, d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failure
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ING Group
The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$1.1 trillion, it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. It is among the top ten largest European companies by revenue. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since the creation in 2012, is a member in the list of global systemically important banks. In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index. The long-term debt for the company as of December 2019 is €150 billion. ING is an abbreviation for ' (). The orange lion on ING ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The UPS Store
The UPS Store (formerly Mail Boxes Etc.) is a subsidiary of United Parcel Service which provides, according to its website, shipping, shredding, printing, fax, passport photos, personal and business mailboxes, and notary services. History In March 2001, UPS acquired Mail Boxes Etc., which was founded in 1980 as an alternative to the post office. In February 2003, UPS rebranded more than 3,000 Mail Boxes Etc. locations as The UPS Store.Each location is independently owned. Services The UPS Store offers shipping, packaging, printing, shredding, notary services and postal services for individual consumers and small businesses. Franchise locations are typically found on or near military bases, hotels, colleges, shopping centers and convention centers. there was 5,268 UPS Store locations across the United States and Canada. Each UPS Store also serves as an access point for UPS shipping where customers can drop off packages with prepaid labels, as well as pack and ship n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings And Loan Association
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20percent of their lending ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> The New York Times")
