"NetBank Sells Parts of Its Operations" from AP

May 31 07

"NetBank Sells Parts of Its Operations" from AP describes the implosion of NetBank Inc. (NTBK) and sale of its assets to Everbank. "[E]xtreme financial pressure for more than a year due to a difficult mortgage origination market" and "a flat yield curve" were cited as factors contributing to the $2.5 billion in deposit company's demise.

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