UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July 3~~September 14, 2007

NETBANK, INC.

(Exact name of registrant as specified in its charter)

Georgia	0-22361	58-2224352
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

1015 Windward Ridge Parkway, Alpharetta, GA		30005
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 770-343-6006

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 31.0102 ~~Notice~~Termination of ~~Delisting or Failure to Satisfy~~ a ~~Continued~~Material ~~Listing~~Definitive ~~Rule or Standard; Transfer of Listing~~Agreement.

OnAs ~~July 3, 2007,~~ NetBank, Inc. (the “Company”) ~~received~~ apreviously ~~written~~reported ~~deficiency~~in ~~notice~~its ~~(the~~Current ~~“Notice”)~~Report ~~from~~on ~~the~~Form ~~NASDAQ~~8-K ~~Stock~~filed ~~Market~~with ~~(“NASDAQ”),~~the ~~stating~~Securities ~~that~~and ~~the~~Exchange ~~Company~~Commission ~~was~~on ~~not~~May in24, ~~compliance~~2007, ~~with~~NetBank, ~~NASDAQ Marketplace~~FSB ~~Rule 4450~~(~~a)(5) (~~the “~~Minimum Bid Price Rule~~Bank”) ~~because the bid~~, ~~price~~a ~~per~~wholly-owned ~~share~~subsidiary of the Company’s, ~~common~~entered ~~stock~~into ~~closed~~an ~~below~~Asset ~~$1.00 per share for~~Purchase 30Agreement ~~consecutive~~dated ~~business~~May ~~days. The~~18, ~~Notice also~~2007 ~~stated~~(the ~~that~~“Purchase inAgreement”) ~~accordance~~ with ~~NASDAQ~~EverBank, ~~Marketplace~~a federal ~~Rule~~savings ~~4450(e)(2)~~bank, pursuant to which the ~~Company~~ ~~will~~Bank behad ~~provided~~agreed ~~180~~to ~~calendar~~sell ~~days,~~certain assets orto ~~until~~EverBank ~~December~~and ~~31,~~EverBank ~~2007,~~had agreed to ~~regain~~ ~~compliance~~the ~~with~~assumption ~~the~~of ~~Minimum~~certain liabilities ~~Bid~~of ~~Price~~the ~~Rule~~Bank. ToOn ~~regain~~September 14, ~~compliance~~2007, ~~with~~ the ~~Minimum~~Bank ~~Bid Price~~received ~~Rule~~a letter from EverBank notifying the ~~closing~~Bank ~~bid~~of EverBank’s ~~price~~termination of the ~~Company~~Purchase Agreement effective on September 14, 2007. EverBank’s ~~common~~letter ~~stock~~states ~~must~~that NetBank ~~remain~~is ~~at or~~in ~~above~~breach ~~$1.00~~of ~~per~~its ~~share~~representations ~~for~~and atwarranties ~~least~~as 10the ~~consecutive~~basis ~~business~~for ~~days~~its termination of the Purchase Agreement.

AsEverBank ~~previously~~has ~~reported~~not advised in the ~~Company’s~~Bank ~~Current Report~~or ~~on Form 8-K filed with~~ the ~~Securities~~Company ~~and~~of ~~Exchange~~any ~~Commission~~specifics (regarding the ~~“SEC”)~~alleged onbreach. The ~~June~~Company ~~21,~~and ~~2007, in relation to~~ the ~~Company’s~~Bank ~~failure~~do ~~to timely file its~~not ~~Annual~~believe ~~Report~~that onany ~~Form~~breach ~~10-K~~has ~~for the fiscal year ended December 31~~occurred. However, ~~2006~~since (the ~~“Form 10-K”)~~required ~~and~~regulatory ~~its Quarterly Report~~approvals onwere ~~Form~~not ~~10-Q~~received ~~for~~by August ~~the quarter ended March~~ 31, 2007, ~~(the~~and ~~“Form~~since ~~10-Q”),~~ the ~~Company~~ ~~received~~Purchase aAgreement ~~written~~permits ~~decision~~either ~~from~~party ~~the NASDAQ Listing Qualifications~~to ~~Panel~~terminate (the ~~“Panel”)~~Purchase ~~granting~~Agreement ~~the~~without ~~Company’s~~cause ~~request~~after ~~for~~that ~~continued listing on NASDAQ~~date, ~~subject~~neither ~~to certain conditions. As a condition to continued listing,~~ the Company ~~must~~nor ~~file~~ the ~~Form~~Bank ~~10-K and~~presently ~~the~~contemplate ~~Form~~contesting ~~10-Q with~~ the ~~SEC on or before July 18, 2007~~termination. InInstead ~~addition, on or before July 18, 2007,~~ the Company ~~must~~intends ~~make a written submission~~ to ~~the~~pursue ~~Panel addressing the Company’s~~such ~~plan~~other ~~and~~strategic ~~ability~~alternatives toas ~~sustain~~may ~~long~~be ~~term compliance with all requirements for continued listing on NASDAQ~~available.

~~The~~As ~~Company~~a ~~intends~~result toof ongoing ~~use~~financial ~~all~~and ~~reasonable~~regulatory ~~efforts~~pressure, ~~to maintain~~ the ~~listing~~Company ofbelieves that its outstanding common stock onmay ~~NASDAQ,~~have ~~but~~little ~~there~~or ~~can be~~ no value. Accordingly, ~~guarantee~~investment ~~that~~in the Company’s ~~will~~common ~~regain~~stock ~~compliance~~would ~~with the continued listing requirements, or will~~ be ~~able~~highly ~~to demonstrate a plan to sustain compliance in order to avoid delisting by NASDAQ~~speculative.

~~Item 9.01. Financial Statements and Exhibits.~~SIGNATURES

~~(d)~~Pursuant to ~~Exhibits. The~~the ~~following~~requirements isof ~~filed~~the asSecurities anExchange ~~exhibit~~Act toof ~~this~~1934, the registrant has ~~current~~duly caused this report: to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit Number		Description of Exhibit
	NETBANK, INC.
99.1		Press Release, dated July 9, 2007, announcing receipt of NASDAQ deficiency notice.
Date: September 17, 2007
	By:	/s/ Charles E. Mapson
		Charles E. Mapson
		Chief Legal Counsel

~~SIGNATURES~~2

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NETBANK, INC.
Date: July 9, 2007
	By:	/s/ Charles E. Mapson
		Charles E. Mapson Chief Legal Counsel

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