ABOUT THE BANK

08.25.11

First Internet Bank Expands Mortgage Lending Service Team

 

First Internet Bancorp Bank, a premier provider of online consumer and business banking services nationwide,
announced it has doubled the size of its mortgage lending team in response to unprecedented growth in its mortgage
lending business. The bank recently added seven account representatives and a second division manager, bringing its
mortgage lending team to 16 members.
"The closure of a competitor's Indianapolis-based loan office presented the perfect opportunity to hire an established
and proven team that can be immediately productive," said David Becker, president and CEO. "Our loan origination
business is up 40% since the beginning of the year, and with the Federal Reserve's announced intention to maintain a
low interest rate environment, we anticipate there will be extended demand for mortgage loans and loan refinancing."
Becker noted the company’s efficient nationwide Internet-based banking model enables it to offer some of the most
competitive rates and closing costs in markets nationwide. The success of First Internet Bank's loan origination model
also involves personal support from its knowledgeable lending team.
Kevin Quinn, senior vice president of retail lending, explained: "Because a mortgage or refinancing is such a significant
financial decision, our success in turning prospective borrowers into customers is a critical component of the process.
These new team members, as with our current customer representatives, are seasoned loan sales and service
professionals skilled at securing new business.
"First Internet Bank's web-based capabilities facilitate application and processing, but at some point in the lending
process, most people want to speak with a representative, whether for explanation, reassurance or guidance. We
believe a team of seasoned lending professionals gives First Internet Bank a critical advantage." The new members of
the lending team are based in the company's Indianapolis headquarters.
About First Internet Bank
With over $500 million in assets, First Internet Bank of Indiana (First IB) is the first state-chartered, FDIC-insured
institution to operate solely via the Internet and has customers in all 50 states. Deposit services include checking
accounts, regular and money market savings accounts with industry-leading interest rates, CDs and IRAs. First IB also
offers consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial
loans. First IB is a wholly owned subsidiary of First Internet Bancorp.
About First Internet Bancorp
First Internet Bancorp (OTC Bulletin Board: FIBP), the parent company of First Internet Bank of Indiana, is privately
capitalized with over 240 private and corporate investors. First Internet Bank opened for business in 1999. The Bancorp
became effective March 21, 2006.
Safe Harbor Statement
Statements in this press release which express &"belief," "intention," "expectation," and similar expressions, identify
forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management,
as well as assumptions made by, and information currently available to, such management. Such statements are
inherently uncertain and there can be no assurance that the underlying assumptions will prove to be accurate. Actual
results could differ materially from those contemplated by the forward-looking statements. Any forward-looking
statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995.

First Internet Bank, a premier provider of online consumer and business banking services nationwide, announced it has doubled the size of its mortgage lending team in response to unprecedented growth in its mortgage lending business. The bank recently added seven account representatives and a second division manager, bringing its mortgage lending team to 16 members.

"The closure of a competitor's Indianapolis-based loan office presented the perfect opportunity to hire an established and proven team that can be immediately productive," said David Becker, president and CEO. "Our loan origination business is up 40% since the beginning of the year, and with the Federal Reserve's announced intention to maintain a low interest rate environment, we anticipate there will be extended demand for mortgage loans and loan refinancing."

Becker noted the company’s efficient nationwide Internet-based banking model enables it to offer some of the most competitive rates and closing costs in markets nationwide. The success of First Internet Bank's loan origination model also involves personal support from its knowledgeable lending team. Kevin Quinn, senior vice president of retail lending, explained: "Because a mortgage or refinancing is such a significant financial decision, our success in turning prospective borrowers into customers is a critical component of the process. These new team members, as with our current customer representatives, are seasoned loan sales and service professionals skilled at securing new business.

"First Internet Bank's web-based capabilities facilitate application and processing, but at some point in the lending process, most people want to speak with a representative, whether for explanation, reassurance or guidance. We believe a team of seasoned lending professionals gives First Internet Bank a critical advantage." The new members ofthe lending team are based in the company's Indianapolis headquarters.

About First Internet Bank

With over $500 million in assets, First Internet Bank of Indiana (First IB) is the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Deposit services include checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs and IRAs. First IB also offers consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First IB is a wholly owned subsidiary of First Internet Bancorp.

About First Internet Bancorp

First Internet Bancorp (OTC Bulletin Board: FIBP), the parent company of First Internet Bank of Indiana, is privately capitalized with over 240 private and corporate investors. First Internet Bank opened for business in 1999. The Bancorp became effective March 21, 2006.

Safe Harbor Statement

Statements in this press release which express "belief," "intention," "expectation," and similar expressions, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, such management. Such statements are inherently uncertain and there can be no assurance that the underlying assumptions will prove to be accurate. Actual results could differ materially from those contemplated by the forward-looking statements. Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.