ABOUT THE BANK

02.02.99

Internet-Only Bank Undergoes Pilot Testing

The First Internet Bank of Indiana (firstib.com) is now testing all banking operations with a select group of employees and shareholders to prepare for opening its electronic doors to the public on February 22, 1999. The Pilot Testing program examines the performance of the system under every possible condition to ensure the highest quality service.

In addition, the Federal Deposit Insurance Corporation (FDIC) has recently insured deposits at firstib.com up to $100,000 per depositor, thus assuring potential customers that their funds are safely held. firstib.com has also undergone a comprehensive web site and transactional security audit by the accounting firm of Crowe Chizek.

The technology used to run the bank has been thoroughly field-tested, managing $8.5 billion in assets at 109 credit unions, $2.5 billion of those assets available to credit union members in real-time over the web for the last two years.

firstib.com is a real-time Internet-only financial institution that offers a full product line of checking, money market savings, certificates of deposits, loans, credit cards and ATM cash cards. Deposits can be made in a variety of ways, including through MAC ATMs. firstib.com is built on an Internet economic model that keeps costs low with no physical bank branches and less staff than traditional banks. firstib.com offers industry-leading interest rates, attractive personal loan rates and money market funds.