Telebanc Financial Corp., a $2.3 billion asset bank that does business solely on the telephone and Internet, said it has filed a registration statement with the Securities and Exchange Commission for a secondary offering of common stock.

Telebanc hopes to raise $200 million for general purposes, including marketing expenses, said spokesman Todd MacKay. The bank spent $4.6 million on marketing in 1998 and increased deposits by 110%, to $1.1 billion.

The issue will be managed by BancBoston Robertson Stephens, CIBC Oppenheimer, Goldman, Sachs & Co., and Legg Mason Wood Walker Inc.

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