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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…
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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…
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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…
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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…
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First Internet Bank of Indiana, a 15-month-old Internet-based financial institution with customers across the country, today announced that it has raised $30 million in a second-round private placement. The financing includes a previously announced commitment of $12 million from Newcourt Financial and an additional $18 million from private individuals, corporations and investment funds. Placement for…
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SmartMoney, the Wall Street Journal magazine of personal finances, has ranked First Internet Bank first for Essential Products and Services among the 18 banks surveyed for an article appearing in the April 2000 issue of its magazine. According to the article, First Internet Bank, “…a state-chartered, FDIC-insured virtual bank, offers everything you’d expect from a…
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First Internet Bank of Indiana (“First IB”), a growing, Internet-only financial institution, today announced that it has completed a $12 million equity private placement with Newcourt Financial (“Newcourt”), the commercial finance business of Newcourt Credit Group. As a result, Newcourt now owns just under 10% of the Bank’s capital stock. In addition, Mr. Robert J….
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Internet-Only Bank Moves From Tenth to Fourth on Gomez Ratings and is Praised for its Customer First Attitude First Internet Bank of Indiana (First IB) this week jumped six places to number four in Overall Score in the newest edition of the Internet Banker Scorecard, published online by Gomez Advisors Inc. First IB also captured…
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Today, First Internet Bank of Indiana (firstib.com) unveiled a new program to refund ATM surcharges its customers incur. As a real-time Internet-only financial institution, firstib.com does not own or operate any ATMs. As a result, customers of firstib.com may face a surcharge, a fee assessed by the owner of an ATM, when they withdraw funds…
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First Internet Bank of Indiana (firstib.com), a real-time Internet-only financial institution, has been selected as one of the Web’s Best Bank & Investment Sites as named by PC Novice/Smart Computing magazine in its September issue. Every month, PC Novice/Smart Computing magazines provide 500,000 readers with easy-to-understand computing information. According to David Becker, CEO and Chairman…