Table 5 Internet Primary Banks (as of May 20, 2002) |
Name |
Date Chartereda |
Type of Bank Offices |
Nexity Bank |
1968 |
1 full-service brick-and-mortar office |
National American Bank |
1983 |
1 full-service brick-and-mortar office |
Etrade Bank |
1933 |
1 full-service brick-and-mortar office |
Netbank |
1988 |
1 full-service cyber office |
Principal Bank |
1998 |
1 full-service cyber office |
First Internet Bank of Indiana |
1998 |
1 full-service cyber office |
Ebank |
1998 |
1 full-service brick-and-mortar office |
GMac Bank |
2001 |
1 full-service brick-and-mortar office, 2 limited-service administrative offices |
BMW Bank of North America |
1999 |
1 full-service brick-and-mortar office |
Deepgreen Bank |
1999 |
1 full-service brick-and-mortar office |
Lydian Private Bank |
2000 |
1 full-service brick-and-mortar office |
The Bancorp Bank |
2000 |
1 full-service brick-and-mortar office |
ING Bank FSB |
2000 |
2 full-service brick-and-mortar offices |
Bank of Internet USA |
2000 |
1 full-service brick-and-mortar office |
Earthstar Bank |
2001 |
1 full-service brick-and-mortar office |
aThe chartered date is not necessarily the date these institutions entered the Internet banking business. Some institutions switched from offering banking services via branches, telephone, fax, and mail to Internet banking services at a later date. |