interSTATE NET BANKs Assets Reach $200 Million Mark

In the midst of countless bank mergers and acquisitions, interSTATE NET BANK (ISNB), New Jerseys first commercial Internet bank, opened its doors with assets of $7.6 million. On May 22, 2004 the de novo bank will mark its third anniversary with recorded assets of $200 million.Founded by professionals experienced in both traditional and Internet banking, ISNB entered the financial services marketplace while others were exiting the industry. In three years of operation ISNB has achieved many milestones, despite the decline in the number of local banking organizations. Shaffer stated that ISNB can continue to prosper in its niche by utilizing its strength in providing customized financial services to its customers. interSTATE NET BANK is a commercial Internet bank combining highly personalized service with a fully Web-enabled technology platform, distinguishing itself as the premier provider of commercial banking products and services to small and medium-sized businesses and their owners. Services include: Checking, Savings, Money Market, Certificates of Deposit, ATM Cards, Virtual Checking Accounts, Consumer and Commercial Loans, SBA Loans, Construction Loans, Lines of Credit, Mortgages, Home Equity Lines and Loans, Personal and Business Insurance, 401(k), On-line Bill Payment, Escrow Accounting, Personal and Cash Management for Businesses, GUDPA, and Affinity Banking.