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

~~Date~~Pursuant to ofSection 13 ~~Report (Date~~OR 15(d) of ~~earliest~~The ~~event~~Securities ~~reported): September 14,~~Exchange ~~2007~~Act of 1934

Date of Report (Date of earliest event reported): December 13, 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
333 Sandy Springs Circle, Suite 106 Atlanta, GA		30328
(Address of principal executive offices)		(Zip Code)

Registrant’s ~~telephone~~ telephone number, including area code ~~770~~ 404-~~343~~256-~~6006~~4555

~~N/A~~Not applicable

(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 15.02 ~~Termination~~Departure of aDirectors ~~Material~~or ~~Definitive~~Certain ~~Agreement~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~As NetBank, Inc.~~ (~~the “Company”~~b) ~~previously reported in its Current Report on Form 8-K filed~~ ~~with~~On ~~the Securities and Exchange Commission on May 24~~December 18, 2007, ~~NetBank,~~Steven ~~FSB~~F. ~~(the~~Herbert ~~“Bank”), a~~resigned ~~wholly-owned~~as ~~subsidiary~~Chief ~~of the Company, entered into an Asset Purchase~~Executive ~~Agreement~~Officer ~~dated~~of ~~May 18~~NetBank, Inc. ~~2007~~ (the “~~Purchase Agreement~~Company”) effective with ~~EverBank, a federal savings bank, pursuant to which~~ the ~~Bank~~close ~~had agreed to sell certain assets to EverBank and EverBank had agreed to the assumption~~ of ~~certain~~ ~~liabilities~~business ofon ~~the Bank. On September 14~~December 31, 2007~~, the Bank received a letter from EverBank notifying the Bank of EverBank’s termination of the Purchase Agreement effective on September 14, 2007~~. ~~EverBank’s letter states that NetBank is in breach of its representations and warranties as the basis for its termination of the Purchase Agreement.~~

~~EverBank~~Item ~~has not advised the Bank or the Company of any specifics regarding the alleged breach~~8. ~~The~~01 ~~Company~~Other ~~and the Bank do not believe that any breach has occurred~~Events. However, since the required regulatory approvals were not received by August 31, 2007, and since the Purchase Agreement permits either party to terminate the Purchase Agreement without cause after that date, neither the Company nor the Bank presently contemplate contesting the termination. Instead the Company intends to pursue such other strategic alternatives as may be available.

As previously reported, on September 28, 2007, the Company filed a ~~result~~voluntary ofpetition (the “Petition”) for relief under ~~ongoing~~Chapter ~~financial~~11 ~~and~~of ~~regulatory~~the ~~pressure,~~United States Bankruptcy Code (the ~~Company~~“Bankruptcy ~~believes~~Code”) ~~that~~in ~~its~~the ~~outstanding~~United ~~common~~States ~~stock~~Bankruptcy ~~may~~Court ~~have~~for ~~little~~the orMiddle noDistrict ~~value~~of Florida, Jacksonville Division (the “Bankruptcy Court”). ~~Accordingly~~The case has been designated as In re NetBank, Inc., ~~investment~~Case Number 07-04295-JAF. The Company continues to operate and manage its properties as a debtor-in-possession under the ~~Company’s~~jurisdiction ~~common~~of ~~stock~~the ~~would~~Bankruptcy beCourt ~~highly~~and ~~speculative~~in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.

~~SIGNATURES~~On December 13, 2007, the Company filed with the Bankruptcy Court a Monthly Operating Report, as required by the Bankruptcy Code, for the period from November 1, 2007 to November 30, 2007 (the “Report”), portions of which Report are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference.

~~Pursuant~~The todata and information contained in the ~~requirements~~Report ofis not required by the Bankruptcy Court, is not prepared in accordance with generally accepted accounting principles and may be for a period shorter or otherwise different than is required for reports filed pursuant to the Securities Exchange Act of 1934,. Such ~~the~~information ~~registrant~~was ~~has~~not audited ~~duly~~or ~~caused~~reviewed ~~this~~by ~~report~~independent accountants and is subject to befuture ~~signed~~adjustment onand reconciliation. The ~~its~~Report ~~behalf~~was bynot prepared for the ~~undersigned~~purpose ~~hereunto~~of providing a basis for an investment decision in the ~~duly~~Company’s ~~authorized~~securities. The Company cautions investors that an investment in any of its securities is highly speculative.

	NETBANK, INC.
Date: September 17, 2007
	By:	/s/ Charles E. Mapson
		Charles E. Mapson
		Chief Legal Counsel

The Company intends to file its Plan of Reorganization of NetBank, Inc. and related Disclosure Statement with the Bankruptcy Court which will describe the liquidation of assets. The Company believes that its equity securities have and will have no value and that any Chapter 11 plan approved by the Court will not provide the Company’s stockholders with any distributions. Accordingly, the Company does not anticipate providing for any value or distribution to stockholders.

2Complete copies of the Company’s informational filings made with the Bankruptcy Court, including the Report attached as Exhibits 99.1 to this Current Report on Form 8-K, are available to the public at the office of the Clerk of the Bankruptcy Court, 300 North Hogan Street, Suite 3-350, Jacksonville, Florida 32202. The main telephone number for the Clerk’s office in Jacksonville is (904) 301-6490. The complete Report can be ordered by calling Judicial Research and Retrieval Services, Inc. at (904) 396-4141.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following is filed as an exhibit to this Current Report on Form 8-K:

Exhibit Number		Description of Exhibit
99.1		NetBank, Inc. Monthly Operating Report for the period from November 1, 2007 to November 30, 2007, as filed with the United States Bankruptcy Court for the Middle District of Florida, Bankruptcy Division, in Jacksonville, Florida on December 13, 2007, excluding attachments

SIGNATURES

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: December 20, 2007
	By:	/s/ Lee N. Katz
		Lee N. Katz
		Chief Restructuring Officer

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