As a step toward achieving that, both National InterBank and Juniper Financial Corp. have made deals with Mail Boxes Etc., turning the 3,400-office franchise system into an ersatz branch network. Bank clients would drop their non-cash deposits off at MBE offices, and the deposits would be forwarded overnight to the bank by UPS at no cost to depositors.

National InterBank has been in business for about a year, and according to co-CEO J. Randall Waterfield, it has about $85 million in assets. Juniper, which is being organized by former executives of First USA, the credit card company that was sold to Bank One Corp. several years ago, is expected to be launched in the near future.

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