First Internet Bank of Indiana (First IB) has been ranked among the fastest-growing businesses in America, appearing on the Hot 500 list published in Entrepreneur magazine’s August 2007 issue. First IB is one of 10 banks to receive this honor.
Entrepreneur, working with the Corporate Research Board, a research organization, winnowed down the list of some 19 million US businesses by considering factors such as date founded (1998-2002), total sales, and positive job growth as well as sales growth. Only 95,000, or 0.5%, met the criteria to be considered for this list. The Hot 500 companies were selected from this smaller pool of candidates.
“We’re thrilled to have been recognized by Entrepreneur as a Hot 500 company in 2007,” said David B. Becker, Chairman and CEO of First IB. A past recipient of the Ernst & Young Entrepreneur of the Year award, Mr. Becker has a history of successful start-up companies in financial services and technology. “Making the list is the result of years of hard work and team effort. We believe serving the customer well portends success. The Hot 500 validates our mindset.”
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About First Internet Bank
With $507 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. Services include interest-bearing checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs, IRAs, credit cards, and check cards that can be used instead of cash or checks. First IB also offers personal lines of credit, installment loans, unique real-time transfers between accounts, and the ability to display checking, savings and loan information on a single screen. First IB is a wholly owned subsidiary of First Internet Bancorp (OTCBB: FIBP).