Media Contacts:
Kay Birdsong Candler
404.351.6616
kcandler@ebank.com

ATLANTA, GA, March 26, 2002 – ebank.com, Inc. (OTC Bulletin Board: EBDC.OB), a unitary thrift holding company for its federal savings bank, ebank (http://www.ebank.com), announced today its year end results for 2001, reporting a consolidated net loss of $994,390 or $.94 diluted loss per share compared to a consolidated net loss of $6,820,097 or $4.50 diluted loss per share for the same period in 2000.

“2001 was a very challenging year for the banking industry in general and for our Company specifically,” says James L. Box, chief executive officer of ebank.com, Inc. “We went through a downturn in the economy and experienced an unprecedented decline in the prime rate, which had a negative impact on ebank’s net interest margin. While the net interest margin suffered from the drop in the prime rate, we managed to increase net interest income by 8.8 percent from the prior year. Although we did not achieve profitability in 2001, we have made significant strides in positioning the company to achieve profitability in the future. Non-interest expense was reduced by $4.8 million or 53.5 percent from $9.0 million in 2000 to $4.2 million in 2001. Other income increased by $34.8 thousand or 34.8 percent as compared to the same period last year. The bank’s asset quality held up very well with loan losses of less than one percent of average loans. We successfully met the challenges in 2001 and are pleased with our overall performance for the year.”

As of Dec. 31, 2001, ebank.com, Inc. reported total assets of $96.3 million, an increase of 24.6 percent over the same period in 2000. Loans, the largest component of assets, grew $6.0 million or 8.7 percent ending the year at $75.7 million. Deposits grew $10.5 million or 15.3 percent ending the year at $79.1 million.

On January 2, 2002, ebank.com, Inc. closed on the acquisition of Peachtree Capital Corporation (PCC), an Atlanta-based financial planning and securities brokerage firm. The addition of PCC creates a more diversified financial services company, enabling the Company to offer a broader range of financial services including banking, brokerage services, financial planning, and insurance.

About ebank.com, Inc.

Based in Atlanta, GA, ebank.com, Inc., a unitary thrift holding company, serves the financial needs of both retail and small business customers nationwide through its Atlanta-based banking center, the Internet, and its subsidiary, Peachtree Capital Corporation, an Atlanta-based financial planning and securities brokerage firm. The company’s subsidiary thrift, ebank, provides a broad array of financial products and services to its small business and retail customers, including checking accounts, money markets, CDs, ATM cards, home loans, commercial loans, credit cards and bill payment services. For more information, visit http://www.ebank.com.

Certain statements in this news release contain “forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and are thus prospective, such as statements relating to ebank.com, Inc.’s future business strategies. These statements are based on many assumptions and estimates, many of which are beyond ebank.com, Inc.’s control. The words “may,” “would,” “could,” “will,” “expect,” “anticipate,” “believe,” “intend,” “plan,” and “estimate,” as well as similar expressions, identify such forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or expectations of ebank.com, Inc. and its management. These forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected in the forward-looking statements as a result of risks and uncertainties associated with ebank.com, Inc.'s business, including without limitation ebank.com, Inc.’s limited operating history; whether ebank.com, Inc. can successfully implement its new business strategies or will need additional capital; and whether ebank.com, Inc. can manage its projected growth. These and other risks and uncertainties are detailed from time to time in the filings made by ebank.com, Inc. with the Securities and Exchange Commission. For more information, visit http://www.ebank.com.