PURCHASE. N.Y. - Claritybank.com said that it more than doubled its deposit base in its first eight weeks of operation, from $23 million to $50 million.
The Internet bank, which opened March 27, mainly targets small businesses. It features a business-to-business center, which Claritybank describes as an electronic marketplace where businesses can procure staffing, payroll, legal assistance, and office supplies.
Claritybank attributes the boost in deposits to increasing market confidence in Internet banks and its own offerings, including $9 monthly automated teller machine rebates and the consumer-targeted ClarityMall.
Claritybank.com also has loan centers in Chicago, California, New York, and Texas.