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First Internet Bank announced today that it has begun to offer jumbo loans. Jumbo loans are mortgages that exceed conforming limits ($417,000 in most parts of the country and as high as $729,750 in certain markets) and are not guaranteed by government-backed mortgage agencies Fannie Mae or Freddie Mac. First IB management feels the time…
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On February 22, 1999, First Internet Bank of Indiana (First IB) opened its virtual doors to the public in a launch ceremony held at the Museum of American Financial History in New York City. As the first “Extended Value Online Bank” to deliver a full range of real-time Internet banking products with personalized interactive services,…
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Bank assures customers it has funds to lend First Internet Bank of Indiana (First IB) today announced that it has expanded its mortgage program to include home equity loans. Both fixed rate term loans as well as lines of credit are available to homeowners in 44 states. First IB’s innovative program will allow most homeowners…
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Despite unsettling news in the mortgage industry and the economy, First Internet Bank of Indiana (First IB) is committed to the expanding the dream of home ownership in Central Indiana through its local participation in an exciting national mortgage initiative. First IB is a member of Lenders One Mortgage Cooperative, a national alliance of leading…
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First Internet Bank of Indiana (First IB) today reported that its President, CEO, and Chairman, David B. Becker, has been inducted into the Central Indiana Business Hall of Fame. Since it was established in 1989 by the Junior Achievement Board of Directors, the Central Indiana Business Hall of Fame has honored 82 laureates for their…
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First Internet Bank of Indiana was named 2007 Volunteer of the Year by Gleaners Food Bank of Indiana, Inc., for its work in the Share-A-Sack program benefiting senior citizens in Central Indiana. The volunteer team was comprised of employees of First IB as well as its vendors and business partners. Share-A-Sack, also known as the…
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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…
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The acquisition of Landmark Financial Corp and its two Indianapolis branches provides First Internet Bank an opportunity to finally broach the mortgage market. Full text as published in the the Indianapolis Business Journal (PDF reprint). About First Internet Bank With over $500 million in assets, First Internet Bank of Indiana (First IB) is the first…
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First Internet Bancorp (“Bancorp”) and First Internet Bank of Indiana (“Bank”) today announced the purchase of shares from a single shareholder. On March 21, 2006, the Bank consummated a Plan of Exchange by which the Bank became a wholly-owned subsidiary of the Bancorp, a single-bank holding company. In connection with the Plan of Exchange, the…
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GLASTONBURY, Conn., June 15, 2006 – Open Solutions Inc.® (NASDAQ: OPEN), a provider of integrated enabling technologies for financial service providers across the United States and Canada, announced that Indianapolis.-based First Internet Bank has selected The Complete Banking Solution® to address its enterprise-wide data processing needs. The $430 million Internet-based bank has approximately 40,000 accounts…