NetBank Introduces Revolving Lines of Credit for Small Businesses; Online Banking Pioneer Works with Wall Financial Services, LLC. to Offer Working Capital Lines of Credit for Small Businesses

Business Wire, Dec 13, 2005

ATLANTA -- NetBank, Inc. (Nasdaq: NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com), today announced an affiliation between NetBank and Wall Financial Services, LLC (WFS), for WFS to provide secured lines of credit to NetBank's small business customers.

"We're working to add the types of products and services our customers have told us they need," said Bert Davis, director of small business banking, NetBank. "Lines of credit are often crucial financing sources for a small business. This new program provides a very cost-effective solution, providing attractive financing for working capital and for business expansion."

Additionally, the administration of accounts receivable is frequently a challenging task for the small business. Management often finds it necessary to spend frequent amounts of time in this area instead of focusing on their business. By combining a revolving line of credit with a user-friendly, Web-based receivables management system, the business should be able to significantly reduce accounts receivable administration costs, thereby maximizing profits.

Typical candidates for this product include established manufacturers, wholesalers, or other B2B business owners with a need for working capital.

NetBank's credit products also include two business credit cards: the no annual-fee MBNA Platinum Plus(R) for Business card and the MBNA Platinum Plus(R) Business Rewards card. In addition to traditional deposit products, NetBank also offers small businesses Internet-based payroll and tax filing services through a partnership with CompuPay; equipment financing services; merchant and payment processing services, and online bill payment (including 10 free payments per month). NetBank's internet banking platform provides superior functionality, including the ability for a business owner to delegate, online, varying levels of authority for access by subordinates to company account information at NetBank.

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.