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Losing Half a Million on NetBank's Fall

Stock quotes in this article: NTBK , ING  

The most interesting reader feedback from Monday's story about the failure of NetBank Inc. (formerly a unit of NetBank(NTBK Quote)) came from Chris Coulthrust, president of Applied Cognetics in Brooklyn, N.Y.

Applied Cognetics had a million dollars in uninsured NetBank deposits. It looks like he's out about half that amount.

"I was one of NetBank's first customers back in 1998," Coulthrust says. "I moved to them after being turned away from three different banks who did not understand our business and refused to open a business account for me." ...

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