DeepGreen also offers high interest rate and all-access CDs. Launched last August, DeepGreen Bank is headed by Jerome J. Selitto, a founder and vice chairman of Amerin Guaranty, a mortgage insurance company. A 30-year banking industry veteran, Selitto has held senior management positions at Kidder Peabody, Paine Webber and First Chicago Capital Markets. You describe DeepGreen as an online bank for grown-ups. We're not the online bank for everyone, and it has nothing at all to do with age or wealth.
Someone has to demonstrate a track record of having handled their financial obligations responsibly.
That's an underserved market. We focus on products in which we can differentiate ourselves by delivering services not currently available. People call them killer app products. I believe we are the only Internet bank where you can apply for a loan online using information in your wallet and receive unconditional approval in less than two minutes. A loan officer is not going to contact you, but we operate a 24 by seven call center, and you can talk to us if you like.