Wachovia Corp. and Huntington Bancshares are expected to announce today that they will invest in the new bank that a Kentucky thrift is setting up on the Internet.

Each of the two superregionals will plunk down $2 million to facilitate the birth of Security First Network Bank, currently a Pineville, Ky.-based unit of Cardinal Bancshares that will be spun off as a completely Internet- based bank later this year.

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