Shares of VerticalNet Inc. jumped 184% Thursday in their first day of trading, much to the delight of the community institution that gave the Internet company its first loan.

Two years ago, Progress Bank in Blue Bell, Pa., received warrants for shares in VerticalNet as part of its agreement to lend to the start-up. The $650 million-asset thrift has arranged similar deals with about 25 high- tech customers.

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