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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…
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INDIANAPOLIS, IN April 24, 2006- First Internet Bank of Indiana (First IB) today announced net income of $522,753 for the quarter ended March 31, 2006. Net income decreased $153,959, or 23%, from the same quarter in the previous year. Management attributed the negative variance in net income to two factors: Legal expenses (included under “non-interest…
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First Internet Bank of Indiana (First IB) today announced net income of $493,588 for the quarter ended September 30, 2005, comparable to the results reported from the same quarter in the previous year. As of September 30, 2005, First IB held $319.5 million in deposits, a 2% increase over deposits as of September 30, 2004….
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First Internet Bank of Indiana (First IB) today announced net income of $517,689 for the quarter ended June 30, 2005 bringing the year-to-date period to a total net income of approximately $1.2 million. Net income increased $144,638, or 39%, from the same quarter in the previous year. The primary driver of the overall earnings increase…
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First Internet Bank of Indiana (First IB) today announced net income of $676,712 for the quarter ended March 31, 2005. Net income increased $135,551, or 25%, from the same quarter in the previous year. The primary driver of the overall earnings increase was an increase in net interest income, fueled by higher rates and considerable…
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First Internet Bank of Indiana (First IB) has become the latest financial institution to join the Indiana Community Business Credit Corporation. First IB is the first state-chartered FDIC insured institution to operate solely via the Internet. It has customers in all 50 states and reported holding $362 million in deposits as of December 31, an…
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First Internet Bank of Indiana (First IB) today announced net income of $1,829,359 for the year ended December 31, 2004, an increase of $1.4 million over the prior year. The 2004 results mark the Bank’s fourth consecutive year of profitability in its six years of operations. Total assets increased by $104.4 million (31%) over 2003…