ATLANTA, May 16, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com), today announced that De Lone Wilson has been named president of its wholly owned subsidiary, NetBank Payment Systems, Inc. (NPS).
Wilson, formerly vice president of sales and marketing for NPS, succeeds Tommy Glenn, who has left the company to pursue other entrepreneurial interests. While Glenn will no longer be involved in day-to-day operations, he will continue to work with the company on a consulting basis.
"De Lone was the obvious choice to lead the NPS team," said Douglas K. Freeman, chairman and CEO, NetBank, Inc. "He has been with the company since its inception and played a major role in helping double its size in just two years after we acquired it. We're confident we can continue to grow the franchise under De Lone's leadership."
"I'm very excited about this opportunity," said Wilson. "I've learned a lot and benefited a great deal from working side-by-side with Tommy Glenn the past 11 years. I look forward to working with all of our talented associates to continue our growth pattern, and to deliver on our promise to customers to be the best company to do business with in the industry."
Wilson was one of the first NPS employees when the company was founded in 1995. In 2001, he was named to the "Top 40 Under 40," and honor bestowed annually by the Mississippi Business Journal to 40 young professionals under the age of 40 in the state of Mississippi, where NPS is headquartered.
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.