The three letter domain SBK.com was involved in a UDRP recently, which led to the Respondent emerging victorious with a finding of Reverse Domain Name Hijacking.
Registered in 1995, SBK.com was acquired by the Respondent on June 20, 2017, for the sum of $199,900 dollars. This sale was never reported elsewhere and the UDRP now serves as an official note of sale. SBK.com was acquired to operate a sports gaming platform based in the United Kingdom, Ireland, and Malta.
How did SBK.com end up being sold to the current registrant?
Here’s what we found.
Since at least 1999, the domain SBK.com was being used by ShoreBank, a community development bank founded and headquartered in Chicago in 1973. It’s quite possible that the bank registered the domain in 1995; there are no historical WHOIS records that we could find.
ShoreBank went bankrupt in 2010 and its assets were received and managed by Urban Partnership Bank that was formed for that exact purpose. After enduring significant losses every year since its creation, the bank moved to cut its operating costs in 2016 by reducing its overall number of branches and employees.
It was in 2017 that Urban Partnership Bank sold SBK.com to the current registrant; the bank itself folded in 2019.
So there you have it: LLL .com domains are safe at banks, unless the banks become insolvent and fold. 😉
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