ATLANTA, March 14, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com), today announced that its wholly owned subsidiary, NetBank Payment Systems, Inc. (NPS), has launched its Community Bank Cooperative program. NPS has signed an agreement with First Georgia Banking Company of Columbus, Ga., allowing its customers to use NetBank ATMs surcharge free.
"This program is a win-win for NPS, the community banks, as well as the businesses where the ATMs are located," said Tommy Glenn, president, NetBank Payment Systems. "Through our cooperative program, smaller banking institutions like First Georgia will now be able to provide their customers with access to ATMs in their market, surcharge free, without having to spend large amounts of capital to build out their own ATM network.
"In addition, NPS and the businesses where the ATMs are located will benefit from additional revenues generated through increased ATM usage in these markets."
Currently, the NPS ATM network consists of more than 9,700 ATMs across the country, including more than 200 in Georgia.
"We plan to grow this program through traditional partnerships with small community banks across the country by giving them the ability to offer their customers access to a greater network of ATMs within their communities," said De Lone Wilson, vice president of sales and marketing for NetBank Payment Systems.
About NetBank, Inc.
NetBank, Inc. (Nasdaq:NTBK) operates with a revolutionary business model through a diverse group of complementary financial services businesses that leverage technology for more efficient and cost effective delivery of services. Its primary areas of operation include personal and small business banking, retail and wholesale mortgage lending, and transaction processing. For more information, please visit www.netbankinc.com.