First Internet Bancorp Announces Closing of Upsized Public Offering and
Exercise of Over-Allotment Option
INDIANAPOLIS -- November 27, 2013
First Internet Bancorp (NASDAQ: INBK), the parent company of First Internet
Bank of Indiana (the "Bank"), today announced the closing of its underwritten
public offering of 1,587,000 shares of its common stock, including
207,000shares issued pursuant to the underwriters' 30-day option, at a price
to the public of $20.00 per share. The net proceeds of the Company after
deducting underwriting discounts and commissions and estimated offering
expenses are expected to be approximately $29.1million.
Sandler O'Neill + Partners, L.P. served as sole book-running manager of the
offering, and Keefe, Bruyette & Woods, Inc. acted as co-manager. Faegre Baker
Daniels LLP served as legal counsel to the Company. Patton Boggs LLP served as
legal counsel to the underwriters.
A registration statement relating to these securities has been filed with, and
declared effective by the U.S. Securities and Exchange Commission (SEC). This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall there be any offer or sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale of securities would be unlawful prior to registration or
qualification under the securities laws of any such state or other
The offering was made only by means of a prospectus, copies of which may be
obtained from Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas,
6^th Floor, New York, NY 10020, (866) 805-4128. The registration statement may
also be accessed through the SEC's website.
First Internet Bancorp
First Internet Bancorp (NASDAQ: INBK) is the parent company of First Internet
Bank of Indiana (www.firstib.com), a premier provider of online retail and
business banking services nationwide. 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. This year, First Internet Bank was
named one of the Best Places to Work in Indiana by the Indiana Chamber of
Commerce, one of the Best Banks to Work For by American Banker Magazine, and
the top Online Originator by Mortgage Technology. The Bank is a wholly owned
subsidiary of First Internet Bancorp.
First Internet Bancorp
Paula Deemer, 317-428-4628
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