NTBK Net.B@NK Common Stock (MM)

NetBank, Inc. (Nasdaq: NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com), today announced that NetBank has amended its 2005-2006 Community Reinvestment Act (CRA) strategic plan to include five new assessment areas. The plan now focuses the company's mortgage and small business lending activities on a total of six assessment areas and on 22 states that the company considers CRA Focus Areas. The six assessment areas include the Atlanta Metropolitan Statistical Area (MSA), the Austin (Texas) MSA, the Clearwater (Fla.) MSA, the Columbia (S.C.) MSA, the Jacksonville (Fla.) MSA, and the Portland (Ore.) MSA. The 2005-2006 plan sets forth measurable goals for achieving "Satisfactory" and "Outstanding" ratings and outlines specific courses of action for lending, investment and other community service work. The bank sought input from various community and regulatory agencies in preparing the plan. NetBank has made the plan available to the public and is currently accepting comments. Interested parties can print a copy from the bank's Web site under the "About NetBank" section. Individuals may also request a copy by mail or by visiting the bank at 11475 Great Oaks Way, Suite 100, Alpharetta, Ga., during regular weekday business hours. Requests or comments on the plan should be directed to Greg Jones, Director of Regulatory Relations, at gjones@netbank.com or 770-753-1422. The bank will review all comments and incorporate suggestions at its discretion. The plan will be resubmitted for approval to the Office of Thrift Supervision (OTS) on or about November 10, 2005. NetBank received an "Outstanding" rating from the OTS for its performance under its 2002 and 2003 CRA strategic plans during its most recent OTS examination. Currently, the bank is operating under its approved 2005-2006 CRA strategic plan. About NetBank, Inc. NetBank, Inc. (Nasdaq: NTBK) operates with a revolutionary business model through a diverse group of complementary financial services businesses that leverage technology for more efficient and cost effective delivery of services. Its primary areas of operation include personal and small business banking, retail and wholesale mortgage lending, and transaction processing. For more information, please visit www.netbank.com.