 On July 3, 2007, NetBank Inc. received a deficiency notice from the NASDAQ because its stock for the previous 30 consecutive business days failed to close above the minimum bid price of $1 per share.On August 3, it was delisted from the Nasdaq.On September 28, 2007, the Office of Thrift Supervision (OTS) announced that it had closed NetBank in conjunction with the Federal Deposit Insurance Corporation.