sinbad @ 22:50 pm
I imagine that Everbank is more than happy that they canceled the earlier agreement they had with NetBank.
This is from Sept 17th:
On Monday, Everbank, a privately held financial services holding company, announced it terminated its agreement to acquire NetBank (other-otc: NTBK - news - people )’s consumer deposit accounts, business finance division, and other assets. The transaction had been announced May 21.
According to EverBank, the termination decision came after it became clear that NetBank would not be able to complete certain conditions required to receive regulatory approval.
The Jacksonville, Fla.-based firm would not elaborate beyond its press release, and NetBank did not respond to requests for comment.
I did not see this on Sept 17th, but if I had, I would have probably been getting my money out of NetBank very quickly there after. Have a great week.
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