First Internet Bancorp Added to the MSCI USA Micro Cap Index and the ABA
NASDAQ Community Bank Index
INDIANAPOLIS -- June 17, 2013
First Internet Bancorp (NASDAQ: INBK), parent company of First Internet Bank
of Indiana (www.firstib.com), a premier nationwide provider of online retail
banking services and commercial banking services, announced today that it has
been added to each index:
*The MCSI USA Micro Cap Index, which is designed to measure the performance
of the micro cap segment of the US equity market. With 918 constituents,
the index represents approximately 1% of the free float-adjusted market
capitalization in the United States. MSCI Inc. is a leading provider of
investment decision support tools to investors globally. Its products and
services include indices, portfolio risk and performance analytics, and
governance tools. The MSCI USA Micro Cap Index was launched November 30,
*The ABA NASDAQ Community Bank Index, the nation’s most broadly
representative stock index for community banks. The index, which is
compiled by the American Bankers Association, includes approximately 400
community banks with more than $145 billion in market capitalization and
has been embraced by the financial community as a benchmark for the
community banking industry. The ABA NASDAQ Community Bank Index was
launched December 2, 2003.
“We are pleased First Internet Bancorp has been added to each index, as we
believe this will enhance our visibility with investors and will result in
increased liquidity for our shareholders,” said David B. Becker, Chairman and
CEO of First Internet Bancorp.
About First Internet Bancorp
First Internet Bancorp (NASDAQ: INBK) is the parent company of First Internet
Bank of Indiana.First Internet Bank opened for business in 1999. The Bancorp
became the parent of the Bank effective March 21, 2006.
About First Internet Bank of Indiana
First Internet Bank of Indiana is the first state-chartered, FDIC-insured
institution to operate solely via the Internet and has customers in all
50states. Deposit services include checking accounts, regular and money
market savings accounts, CDs and IRAs. First Internet Bank also offers
consumer loans, conforming mortgages, jumbo mortgages, home equity loans and
lines of credit, and commercial loans. The bank is a wholly owned subsidiary
of First Internet Bancorp.
Safe Harbor Statement
This press release contains forward-looking statements with respect to the
impact of the inclusion of the Company’s common stock in the MCSI USA Micro
Cap Index and the ABA NASDAQ Community Bank Index. Forward-looking statements
are not a guarantee of future performance or results, are based on information
available at the time the statements are made and involve known and unknown
risks, uncertainties and other factors that could cause actual results to
differ materially from the information in the forward-looking statements.
Factors that may cause such differences include: changes in interest rates;
risks associated with the regulation of financial institutions and holding
companies, including capital requirements and the costs of regulatory
compliance; failures or interruptions in communications and information
systems; general economic conditions and conditions in the lending markets;
competition; the plans to grow commercial lending; the loss of key members of
management and other matters discussed in the press release. All statements in
this press release, including forward-looking statements, speak only as of the
date they are made, and the Company undertakes no obligation to update any
statement in light of new information or future events.
First Internet Bancorp
Nicole Lorch, 317-532-7906
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