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Home > Company Index > Banking > Other Banking Services > E*TRADE Bank

E*TRADE Bank
 NEWS FROM THE STANDARD
After Inching Up Slowly, Net Sector Finishes in the Green
Oct 08 1999 12:00 AM PDT

 PROFILE
A subsidiary of online brokerage E*TRADE, E*TRADE Bank (formerly Telebanc Financial) is one of the largest electronic banks in the US. E*TRADE Bank's customers access their accounts via the Internet, mail, telephone, and ATMs. The bank offers deposit products including CDs, checking, money market, and savings accounts. Residential mortgages make up the majority of the bank's loan portfolio. E*TRADE Bank also offers insurance (through InsWeb and Answer Financial), car loans, credit cards (through First USA), bill payment, and other banking services. The company acquired more than 15,000 deposit accounts from Advanta National Bank, a subsidiary of credit card issuer Advanta.

 COMPETITION
Egg plc (EGG)
NetBank, Inc. (NTBK)
WingspanBank.com (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 107.70
1-Yr. Sales Growth: 69.9%
Employees: 121
Revenue per employee: $890,082.64

 KEY PEOPLE
• Mitchell H. Caplan
    CEO
• Robert J. Fenton
    CFO

 CONTACT INFO
1111 N. Highland St.
Arlington, VA 22201
US
Phone: 703-247-3700
Fax: 703-247-7007
Online: Web Site

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