NetBank Names New Chairman

Douglas K. Freeman, chief executive of NetBank Inc., Atlanta, has added the job of chairman to his responsibilities, replacing T. Stephen Johnson.Mr. Freeman was the chief executive of 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 buying a number of mortgage banking companies. Before buying RBMG, NetBank acquired Market Street Mortgage Corp., and it later acquired Meritage Mortgage Corp. "We've come to an exciting and critical point in the company's ongoing evolution," Mr. Freeman said. "In just over six years, the company has grown from a start-up retail bank into a highly diversified financial services provider." NetBank can be found online at http://www.netbank.com.