WASHINGTON – NetBank, an online bank with $2.5 billion in assets, was shut down by the government Friday because of an excessive level of mortgage defaults. It was the largest savings-and-loan failure ...
When NetBank Inc. acquired Compubank's deposit business last March, the deal highlighted an underlying weakness in Internet-only banking. After nearly three years, Compubank had 57,000 accounts and ...
The Federal Deposit Insurance Corp. has shut down Internet-only bank NetBank Inc. amid an increasing number of mortgage loan defaults. “NetBank, with $2.5 billion in total assets and $2.3 billion in ...
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