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TheDomains.com

PeoplesBank.com Sells For $44K On NameJet: Fair or Fowl?

September 7, 2010 by Michael Berkens

Peoplesbank.com sold for $44K today on NameJet.com

The domain has a good amount of traffic according to Compete and Alexa and why not, its the name of a major publicly traded bank.

There is a trademark dated 2002 belonging to Peoples Bank, National Association Peoples Bancorp, Inc. of Ohio, on the term Peoples Bank, yet there are other banks in the US that incorporate the terms people and bank and are separate from the trademark holder, including  People’s United Bank which uses the domain peoples.com and trades under the symbol of PBCT.

The trademark holder which trades under PEBO.

There seems to be other regional banks in the US that use Peoples Bank or People Bank in their name.

Like Peoples Bank & Trust Company and ThePeoplesBank.com

There is also the People’s Bank Of China.

So what do you think is it money well spent or did the buyer just buy a lawsuit?

Filed Under: Domain Auctions

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

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Comments

  1. Meyer says

    September 7, 2010 at 7:34 pm

    168 bidders – 212 bids.

    I see some well known domainers placed bids much higher than $ 69.
    Isn’t that the same argument as being partially pregnant?

    I assume it will go to UDRP.
    And, if necessary, Federal court because the second highest
    bidder was ‘trademarktr’. They probably figured it is better
    to give the money to the lawyers rather than Namejet.

  2. shahram says

    September 7, 2010 at 8:03 pm

    Depends on what they do with it. I suggest that they give me a call.

  3. Green Tree says

    September 7, 2010 at 8:12 pm

    Identical trademarks can co-exist. As you pointed out there are a lot of businesses in the US or overseas that are using “peoples bank” in their names. So as long as the buyer was one of these actual pre-existing businesses (or another), it looks ok. If it is someone who puts up a parking page or a new bank, they may have just wasted 44k.

  4. victornumber says

    September 7, 2010 at 9:28 pm

    It looks like Daniel from Cyber2media that bought the name. With millions in investable money, this is chump change for him. Looks like this will be a very profitable parking page. It’s the same person that bought goodwill.com for over 50k and sold it to goodwill charity out of court.

  5. Josh says

    September 7, 2010 at 9:31 pm

    Nice buy, its a quick way to get on the domainer of the year list, really.

  6. news says

    September 7, 2010 at 10:53 pm

    “It looks like Daniel from Cyber2media that bought the name. With millions in investable money, this is chump change for him”

    Brian cells might catch up one day too, this idiot bought goodwill.com only to put donation to non-profit ads.

  7. John Berryhill says

    September 21, 2010 at 3:58 pm

    http://pacer.mad.uscourts.gov/dc/cgi-bin/recentops.pl?filename=gorton/pdf/peoples%20pi.pdf

  8. TheBigLieSociety says

    September 21, 2010 at 5:03 pm

    ICANN Chairman Peter Dengate Thrush announced at the recent IGF meatspace meetings that ICANN will be regulating Banking domains under a “gold standard”.

    When asked if that was regulation or coordination, he dodged the question by saying there are different legal systems and words mean different things to different people in different systems.

    He appeared to mainly be setting the stage for the meme (mantra) that Banking is Special on the Internet. ICANN is on top of it from the bottom of course.


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