Business

120 to lose jobs at NetBank in Columbia

About 120 Columbia employees of NetBank Inc., the Alpharetta, Ga.-based online lender, are losing their jobs after the company shuts down its third-party mortgage business.

The announcement, made today, is part of a deal that also has NetBank selling its direct banking and small business financing division to EverBank, a privately-held financial services firm based in Jacksonville, Fla.

About 60 of the total 385 NetBank employees in Columbia will start working for EverBank.

Meanwhile, some 200 NetBank workers in Columbia, who do mortgage processing and administrative work, face an uncertain employment future as the company seeks purchasers for that operation.

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