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First Internet Bank Launches Asset-Based Lending Business Line

  First Internet Bank Launches Asset-Based Lending Business Line

First Internet Bank Business Capital Offers Small- to Medium-Sized Businesses
                    Innovative Options for Working Capital

Business Wire

INDIANAPOLIS -- November 6, 2013

First Internet Bank of Indiana (www.firstib.com), a premier provider of online
retail and business banking services nationwide, today announced the expansion
of its commercial lending capabilities through an asset-based lending line of
business. Operating under the name First Internet Bank Business Capital, the
new division will provide working capital to small- to medium-sized companies.

“We formed First Internet Bank Business Capital to complement our commercial
loan efforts and to provide asset-based financing options in the amount of $2
million to $5 million,” said David Becker, President and CEO of First Internet
Bank. “This new line of business allows us to serve a greater base of
businesses and accelerates our growth by generating additional high quality
assets.”

The asset-based lending group provides revolving lines of credit backed by
accounts receivable and inventory as well as term loans backed by real estate
and equipment. To lead this new initiative, Gregg Corey and Jennifer Eller
have joined First Internet Bank and will operate from a loan production office
in Portland, Oregon. “The combination of their depth of experience and an
enthusiasm for helping their customers is considered the key to launching this
initiative,”Becker stated.

Mr. Corey has over 30 years experience within asset based lending, commercial
& industrial, and income property financing at US Bank, Textron Financial
Corp, Congress Financial Corp and GE Capital. “Jennifer and I jumped at the
chance to bring our experience to First Internet Bank,” said Corey. “The bank
has a culture of entrepreneurship and profitable growth grounded in a
foundation of strong asset quality. We are elated to have this opportunity to
launch this new line of business for First Internet Bank and to continue to
deliver creative financing solutions to lower middle market businesses.”

About First Internet Bank

First Internet Bank of Indiana opened for business in 1999 as the first
state-chartered, FDIC-insured institution to operate solely via the Internet
and today has customers in all 50 states. Deposit services include checking
accounts, regular and money market savings accounts with industry-leading
interest rates, CDs and IRAs. First Internet Bank also offers consumer loans,
conforming mortgages, jumbo mortgages, home equity loans and lines of credit,
and commercial loans. Earlier this year, First Internet Bank was named one of
the Best Places to Work in Indiana by the Indiana Chamber of Commerce. The
bank is a wholly owned subsidiary of First Internet Bancorp (NASDAQ: INBK).

About First Internet Bancorp

First Internet Bancorp became the parent company of First Internet Bank in
2006.

Safe Harbor Statement

This press release may contain forward-looking statements with respect to the
financial condition, results of operations, plans, objectives, future
performance or business of First Internet Bancorp. Forward-looking statements
are generally identifiable by the use of words such as “believe,” “expect,”
“anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,”
“should” or other similar expressions. 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: failures or interruptions in our
information systems; growth in our commercial lending activities; declines in
market values of our investments; technological obsolescence; our possible
need for additional capital resources in the future; competition; loss of key
members of management; fluctuations in interest rates; inadequate allowance
for loan losses; risks relating to consumer lending; our dependence on capital
distributions from the bank; our ability to maintain growth in our mortgage
lending business; a decline in the mortgage loan markets or real estate
markets; risks associated with the regulation of financial institutions;
changes in regulatory capital requirements and other matters discussed in the
press release. For a further list and description of such risks and
uncertainties, see our periodic reports filed with the U.S. Securities and
Exchange Commission. We disclaim any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be set forth in our periodic
reports.

Contact:

First Internet Bank
Karyssa Terhark, 317-428-4625