CompuBank, N.A. was a financial company engaged primarily in

retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ...

mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

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 Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...

industry, and recognized as one of the first internet-only banks. Headquartered in Suite in Suite 215 in 2 Greenway Plaza East,

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

, 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 The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation ...

operating solely on the

internet The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks ...

. The previous two Net-only banks,

Security First Network Bank Security First Network Bank (SFNB) was the first pure Internet bank in the United States. It had no physical branch bank offices and could only be accessed online. It was founded in Pineville, Kentucky, in October 1995 by Michael Karlin and ...

(SFNB) and

NetBank NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was an American direct bank that operated between 1996 and 2007. Netbank suffered from bank failure and was closed by regulators on September 28, 2007. Its deposits were ...

(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, direct deposit and transfers, free domestic wire services, online check re-order, free bill payment and free ATM services. Compubank was launched in late 1998. After a tough start with an amateurish web site which was basically a site map plus four buttons, the bank tried to remake itself into a small business bank. However, the bank ran into difficulties due to its lack of loan products, and was acquired by

in early 2001.2002 Web Banking Planning Gains a Wide Following
, Netbanker, July 5, 2001.

References

invizibil pe mess
Netbanker.

External links

CompuBank
(Archive) {{DEFAULTSORT:Compubank Companies based in Houston Defunct banks of the United States Online financial services companies of the United States Banks established in 1998 Banks disestablished in 2001 Defunct companies based in Texas 1998 establishments in Texas Companies based in Harris County, Texas

See also

References

External links