National InterBank and InfoSpace Announce Agreement To Offer Private-Label Online Banking Services

Business Wire, Jan 30, 2001

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Jan. 30, 2001

National InterBank, the leading provider of private-label banking for financial institutions, Internet businesses and affinity groups, has entered into an agreement with InfoSpace, a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms, to deliver branded banking centers for partners within the InfoSpace affiliate network.

National InterBank's private-label services for partners includes FDIC insured high interest checking, money market, and certificate of deposit accounts, a credit card center, a loan center, free on-line bill payment, account aggregation and the recently announced Internet Funds Transfer Service (IFTS). The initial deployment of the partnership launches this week with the Silicon Investor Banking Center. Silicon Investor (http://www.siliconinvestor.com), is a personal finance discussion and information platform powered by InfoSpace.

"Our partnership provides InfoSpace with the ability to add private labeled online banking and account aggregation to the host of services they currently offer their partners," said J. Randall Waterfield, Co-Chairman and CEO of National Interbank, "The relationship also provides National InterBank with access to multiple channels to offer our products and services to new customers."

Under the agreement, InfoSpace will include National InterBank's online banking infrastructure as part of its platform of offerings to wireless and broadband partners.

"National InterBank's private-labeled banking services are a strong addition to the extensive product offering InfoSpace delivers to its vast affiliate network of partners," said Charles Stubbs, InfoSpace vice president, consumer business development. "Silicon Investor's launch showcases these services and their benefits to potential partners."

About National InterBank

National InterBank, www.nationalinterbank.com, is the nation's premier provider of private-label banking infrastructure technology for associations, affinity groups, and financial institutions. National InterBank's products and services enable clients to offer and seamlessly deliver a full range of financial services under their own brand name directly to their users, as well as increasing customer interaction and enhancing brand loyalty.

National InterBank is a division of The First Bank of Mitchell, a federally-chartered institution.

All accounts are insured through the FDIC, up to $100,000 per customer.

For more information, visit the company at www.nationalinterbank.com.