Archives: Press and News

First Internet Bank of Indiana today announced its fourth consecutive profitable quarter and the first full year of profitability in its three-year history. First IB attributed the earnings improvement to factors including disciplined expense management, more efficient asset allocation, and the success of efforts to attract core deposits capable of producing transactional revenues. First IB’s…

First Internet Bank of Indiana today announced its third consecutive quarter of profitability. First IB’s earnings reflect aggressive initiatives to increase core deposits and maintain the quality and liquidity of the balance sheet. First IB’s net income for the first nine months of 2001 was $1,290,585, compared to a net loss of $3,744,929 in the…

Company Ranked Highest Among Internet-Only Banks, #2 Overall First Internet Bank of Indiana (https://www.firstib.com/) continues to be recognized as one of the best banks on the Internet by Gomez, Inc., the Internet quality measurement firm. First IB, the first state-chartered, FDIC-insured institution to operate solely via the Internet, garnered a second-place overall ranking behind banking…

Internet-Only Institution Reports Two Consecutive Quarters of Earnings First Internet Bank of Indiana today announced that it has recorded two consecutive quarters of profitability. First IB’s financial results reflect a growth in loan volume, reductions in overhead expenses, and the success of the institution’s brand development and customer acquisition initiatives. First IB’s earnings for the…

Chairman and CEO of One of the Nation’s Premier Web-based Banking Concerns is Honored as the Top Regional Entrepreneur in the Financial Services Category First Internet Bank of Indiana (First IB) today reported that its Chairman and CEO, David B. Becker, was recently selected as the winner of the regional 2001 Ernst & Young Entrepreneur…

Gomez™ Ranking of Internet Banks Cites First IB for Relationship Services, Ease of Use, Attractive Rates and Range of Offerings; Only Non-Brick-and-Mortar Bank in Top Four First Internet Bank of Indiana has captured the number two spot in the Winter 2000 Internet Banks Scorecard™ rankings, published by Gomez, Inc. First IB earned an overall score…

Company Embarks on Accelerated Path to Profitability Despite Turbulent Capital Markets First Internet Bank of Indiana this week announced restructuring initiatives brought about by gains in customer service productivity, a reduction in the Bank’s commercial lending activities, and the reality of a weakening economy and turbulent capital markets. Bank executives stated the Bank is on…

Six-Month Growth Figures Reflect Rising Acceptance of E-Banking Plus the Popularity of the Bank’s No-Fee, Interest-Bearing Checking Accounts First Internet Bank of Indiana today announced that the number of checking accounts in its portfolio nearly tripled between May and November 2000, marking the most rapid expansion in the institution’s history. Transaction volume and the number…

Indiana-based Internet Bank Earns High Marks in Both Overall Score & Overall Cost Categories First Internet Bank of Indiana (First IB) today reported that it has once again secured the number four ‘Overall Score’ on the quarterly Internet Banker Score-card compiled by Gómez, Inc., a leading provider of e-commerce customer experience measurement. The Indiana-based Internet…

David R. Lovejoy Named President and COO; Jeffrey K. Harty Joins Executive Team as CFO First Internet Bank of Indiana (First IB) today announced that David R. Lovejoy has become the company’s President and Chief Operating Officer, effective immediately. First IB also announced that Jeffrey K. Harty has been named Executive Vice President and Chief…