Douglas K. Freeman

Mr. Freeman, the chief executive of NetBank Inc., Atlanta, has added the job of chairman to his responsibilities. He replaces T. Stephen Johnson. Mr. Freeman was the chief executive of mortgage wholesaler Resource Bancshares Mortgage Group when NetBank acquired that company. After the acquisition was completed, Mr. Freeman took over the chief executive's job at NetBank, which had been making a number of purchases of mortgage banking companies.

Prior to buying RBMG, NetBank acquired Market Street Mortgage Corp. Later it acquired Meritage Mortgage Corp., a retail, non-conforming lender.

Mr. Johnson will remain on the board as chairman emeritus.

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