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Home > Company Index > Banking > Banking - Northeast > WingspanBank.com

WingspanBank.com
 NEWS FROM THE STANDARD
WingspanBank Founders Start Over
May 24 2000 07:51 AM PDT

Broken Wing
May 08 2000 12:00 AM PDT

 PROFILE
BANK ONE is clipping the wings from its Internet-only bank. The parent is transferring WingspanBank.com's some 225,000 customers into its corporate Web site.Wingspan didn't necessarily share customers with BANK ONE and may have pecked away at its parent's customer base. Launched in 1999, the Internet-only bank offers traditional banking services online. It accepts deposits and offers checking accounts, CDs, credit cards, and installment loans. Customers can apply for mortgages online; the bank also offers brokerage, online trading, and insurance. BANK ONE is shuttering Wingspan, which has failed to achieve expected growth and has given its parent fits about how to reconcile it with other online operations.

 COMPETITION
E*TRADE Bank (dossier)
NetBank, Inc. (NTBK)
Wells Fargo & Company (WFC)

 DEALS
Deal: Alliance Between Juno and WingspanBank
Date Announced: 07.20.99
Value of transaction (US $Mil): 0
Description: Wingspan will be the sole marketer of credit cards and bank services to Juno subscribers.

 FINANCIAL OVERVIEW
Employees: 150

 CONTACT INFO
3 Christina Centre, 201 N. Walnut St.
Wilmington, DE 19801
US
Phone: 302-594-4000
Fax: 302-828-1766
Online: Web Site

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