NetBank(R) Amends 2005-2006 CRA Strategic Plan; Makes Draft Available for Public Review

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 [e-mail] 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.