BUSINESSWEEK ONLINE : MAY 10, 1999 ISSUE
FINANCE The New Internet Commercial Banks     WHAT'S HAPPENING   NET.B@NK    Claims to be nation's biggest Internet-only bank. Atlanta    Profitable for four quarters--raking in $691,000 in     first three months of 1999. Expanding lending activities     from mortgages to home-equity and auto loans.   SECURITY FIRST    A subsidiary of Royal Bank of Canada, it created a stir by NETWORK BANK    offering a no-fee checking account paying 6% interest. Atlanta    Aims to get customers to pay bills over the Net.   TELEBANC    Founded 10 years ago, it is a branchless bank with growing FINANCIAL    Net presence. With $2.3 billion in assets, it made $1.4 Arlington, Va.    million last year. Return on equity is lackluster. Hopes     to cross-sell new products. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					Finance on the Net TABLE: The New Internet Investment Banks TABLE: The New Internet Commercial Banks INTERACT E-Mail to Business Week Online

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