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Competition Too Much For NetBank; Housing, Credit Troubles Also Thwarted On
communityinvestmentnetwork… — The downfall of NetBank, a pioneer in online banking that was closed by federal regulators and filed for bankruptcy protection on Friday, reflects the demise of a dot-com firm that couldn't compete with larger financial rivals. NetBank, based in Jacksonville and founded in 1996 at the dawn of the commercial Internet boom, was among many
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