ATLANTA, May 3, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com), held its 2006 Meeting of Shareholders on May 2 in Alpharetta, Ga. Seventy-two percent of the total shares outstanding were represented at the meeting.
The company presented shareholders with two routine proposals, one for the election of directors and the second for the ratification of its independent auditors. Both proposals passed. Directors David W. Johnson, Jr.; Robin C. Kelton; and Thomas H. Muller, Jr. were each elected to a three-year term with approximately 90 percent of the vote. Ernst & Young was also ratified as the company's independent auditor with more than 99 percent of the vote.
After the shareholders meeting, the board of directors conducted its annual meeting. During the meeting, the board declared a dividend of $.02 per share for shareholders of record as of May 20, 2006. The dividend will be disbursed on June 15.
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.