First IB of Indiana Completes $12 Million Equity Private Placement with Newcourt Financial
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….