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The company has applied for a thrift bank charter, and is considering offering traditional banking products such as business credit card accounts, home equity lines of credit, money market checking accounts, as well as private-label debit cards and some limited mortgage lending. Unitus will help Lifebank build its senior management team and implement new MIS (management information systems) technology, while assisting with Lifebank's transition to a for-profit microfinance thrift bank. is comprised of three divisions: E*TRADE Securities LLC -- the well known internet equity broker, E*TRADE Bank -- a traditional savings and thrift bank, and E*TRADE Global Asset Management -- the asset management arm of the firm. |
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