NetBank Dealer Financial Services to Participate on Nationwide DealerTrack Auto Finance Platform; Physical Operations Also Expand into Georgia, North Carolina and South Carolina

ATLANTA--Jan. 2, 20047, 2004--NetBank(R) (www.netbank.com), the first commercially successful Internet bank and a wholly owned subsidiary of NetBank, Inc. , today announced that its Dealer Financial Services division will participate on the DealerTrack(TM) online auto finance platform and is expanding operations into Georgia, North Carolina and South Carolina.

"After enjoying tremendous success in our first nine months of business, we're beginning to expand our operations outside of Florida," said Jorge Font, director, NetBank Dealer Financial Services. "We have strong relationships with dealer networks within Florida and plan to follow those out into new markets while establishing new relationships as well. One way we will do that is through DealerTrack."

DealerTrack is a Web-based platform that allows financing sources to electronically receive customer application data from automobile dealers across the country. The platform streamlines the decision making process by allowing dealer customers to electronically submit credit application data to NetBank DFS and monitor any changes in application status. It also improves efficiencies and customer service by allowing dealer customers to quickly review rates and programs online.

"The DealerTrack platform opens us up to more than 20,000 dealers as a source of funding," Font said. "It fits perfectly with our business model of using technology to do business better, faster and cheaper."

After launching in April 2003 with an initial focus on the Florida market, NetBank DFS ended the year with more than 5,000 loans totaling approximately $100 million in production. It has now begun accepting applications from dealers in Georgia, North Carolina and South Carolina, and plans call for expansion into additional markets in 2004.

About NetBank

NetBank(R), the country's first commercially successful Internet bank, serves retail and business customers in all 50 states and more than 20 foreign countries. Its full line of financial services is designed around the needs and lifestyles of its customers. Through a branchless business model, NetBank operates at a fraction of the cost of a traditional bank. Since its start in 1996, NetBank has passed its cost savings to customers through more competitive deposit rates and free account services, such as online bill payment. Through its mortgage lending subsidiaries, Market Street Mortgage(R) and RBMG(R), NetBank ranks as a top 30 U.S. mortgage lender. NetBank, Equal Housing Lender and Member FDIC, is a primary operating subsidiary of NetBank, Inc. , a diversified financial services company. For more information on NetBank's products and services, please visit www.netbank.com.

About DealerTrack, Inc.

With more than 22,000 dealers and over 60 financing sources currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire automotive financing process. The DealerTrack suite of products includes credit application processing, credit report access, electronic contracting, desking tools and comprehensive activity reporting features -- all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing, credit report access and electronic contracting. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Information in this press release about 1) plans for NetBank DFS to expand into additional markets in 2004 are "forward-looking statements" involving risks and uncertainties that could cause actual results to differ plans to materially. Risks include 1) a decision by management to slowdown expansion plans. The bank has no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties facing NetBank, see "Risk Factors" in NetBank, Inc.'s SEC filings.