Richard W. Vague, co-founder and chief executive officer of a forthcoming online bank called Juniper Financial Corp., said his deal to let customers make deposits through Mail Boxes Etc. is only the first step in his plan to establish a physical presence.
Mr. Vague, the former CEO of Bank One Corp.'s First USA credit card division, said his company is negotiating a number of agreements with automated teller machine networks and plans to announce them soon. Juniper also is developing a "robust wireless offering" and plans to sign distribution agreements with companies such as Mail Boxes Etc. that have extensive branch networks.