First Internet Bank, a premier provider of online retail and business banking services nationwide, today announced it has been named one of the Best Banks to Work For. The “Best Banks” program, which was initiated in 2013 to identify, recognize and honor the best banks to work for in the nation, is a project of American Banker and Best Companies Group.
“It is gratifying to be endorsed as one of the Best Banks to Work For,” said David Becker, President and CEO. “We believe treating our employees well translates into extraordinary service for our customers. Inclusion in this list validates that we are doing the right things to communicate with and empower our employees.”
In all, 35 banks achieved “Best Bank” status in this inaugural program. The full Best Banks to Work For list is featured in the November issue of American Banker Magazine and is available online at AmericanBanker.com.
Determining the Best Banks to Work For involved a two-step process. The first step consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top banks and the final ranking.
About First Internet Bank
First Internet Bank of Indiana opened for business in 1999 as the first state-chartered, FDIC-insured institution to operate solely via the Internet and today 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 Internet Bank also offers consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. Earlier this year, First Internet Bank was named one of the Best Places to Work in Indiana by the Indiana Chamber of Commerce. The bank is a wholly owned subsidiary of First Internet Bancorp (NASDAQ: INBK).
About First Internet Bancorp
First Internet Bancorp became the parent company of First Internet Bank in 2006.
About Best Banks to Work For
This was the inaugural ranking of the Best Banks to Work For by American Banker and was performed in conjunction with the Best Companies Group, which reviews employer reports on benefits and policies, along with extensive employee surveys to generate the rankings. Banks were measured against peers of similar size, based on assets. For more information on the Best Banks to Work For program, visit http://www.BestBankstoWorkFor.com.
Safe Harbor Statement
This press release may contain forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance or business of First Internet Bancorp. Forward-looking statements are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. Forward-looking statements are not a guarantee of future performance or results, are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the information in the forward-looking statements. Factors that may cause such differences include: failures or interruptions in our information systems; growth in our commercial lending activities; declines in market values of our investments; technological obsolescence; our possible need for additional capital resources in the future; competition; loss of key members of management; fluctuations in interest rates; inadequate allowance for loan losses; risks relating to consumer lending; our dependence on capital distributions from the bank; our ability to maintain growth in our mortgage lending business; a decline in the mortgage loan markets or real estate markets; risks associated with the regulation of financial institutions; changes in regulatory capital requirements and other matters discussed in the press release. For a further list and description of such risks and uncertainties, see our periodic reports filed with the U.S. Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be set forth in our periodic reports.