Delisting Determination,The Nasdaq Stock Market, LLC,
October 10, 2007, NetBank, Inc. The Nasdaq Stock Market, LLC
(the Exchange) has determined to remove from listing
the common stock of NetBank, Inc. (the Company),
effective at the opening of business on October 22,
2007. Based on a review of the information provided
by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
as it failed to comply with the following Marketplace
Rules: 4310(c)(14). The Company was notified of Staffs
determinations on March 20, 2007 and May 15, 2007. The
Company requested a review of the Staffs determination
before the Listing Qualifications Hearings Panel.
Upon review of the information provided by the Company,
the Panel determined that the Company did not qualify
for inclusion on the Exchange based on its failure to
comply with the following Marketplace Rule: 4310(c)(02).
The Company was notified of the Panels decision on
AUgust 3, 2007 and trading in the Companys securities
was suspended on August 7, 2007. The Company did not
request a review of the Panels decision by the Nasdaq
Listing and Hearing Review Council.  The Listing Council
did not call the matter for review. The Panels Determination
to delist the Company became final on September 17, 2007.