First Internet Bank Expands Commercial Banking to Southwest US

  First Internet Bank Expands Commercial Banking to Southwest US

Business Wire

INDIANAPOLIS -- April 3, 2014

First Internet Bank of Indiana (www.firstib.com), a premier provider of online
retail and business banking services nationwide, today announced the
geographic expansion of its commercial and industrial (C&I) lending services
to the Southwestern United States, with the addition of three seasoned bankers
operating from the Bank’s Phoenix-area loan production office.

To lead the Tempe-based group, Scott Davis has joined First Internet Bank as
Regional Vice President. Mr. Davis has over 35 years of experience in
commercial lending, in C&I as well as commercial real estate (CRE) lending
with national, super-regional and regional institutions. Mr. Davis has opened
new markets in past positions. Mitch Langston has joined the Bank as Vice
President. With over 20 years of experience in commercial banking with
national and super-regional banks, Mr. Langston has an extensive understanding
of business dynamics. Rounding out the team, Carol Dittmar brings 20 years of
experience in commercial banking with a thorough knowledge of loan processing,
closing policies, credit policies and approval processes to her role as
Commercial Banking Coordinator. The three will work to deliver innovative,
flexible financing solutions to manufacturers, distributors, small businesses,
and non-profit and service organizations.

“The expansion allows First Internet Bank to continue to grow by generating
high quality assets in a market where we see opportunity and where we already
have a physical presence,” said David Becker, Chairman and CEO of First
Internet Bank, referring to the Bank’s mortgage loan operation office in
Tempe. “We have assembled a great team, with deep commercial banking
experience and a passion for serving their customers.”

“I am very excited to work for First Internet Bank and open this new market,”
Davis said. “I was drawn to the spirit of entrepreneurship at the Bank, and I
think our culture will resonate with the many area businesses that feel
disenfranchised from their current lenders. We will be able to provide clients
the service they truly deserve, with flexible loan options and fast,
responsive service.”

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 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,
commercial real estate loans, commercial and industrial loans, and asset-based
lending. In the past year, First Internet Bank was named one of the Best Banks
to Work For byAmerican BankerMagazine, and the top Online Originator by
Mortgage Technology. For more information about the Bank, please visit
www.firstib.com. The bank is a wholly owned subsidiary of First Internet
Bancorp (NASDAQ: INBK).

About First Internet Bancorp

First Internet Bancorp (NASDAQ: INBK) became the parent company of First
Internet Bank of Indiana in 2006. For more information about the Bancorp,
please visit www.firstinternetbancorp.com.

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 the company. 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 of or interruptions in the
communications and information systems on which we rely to conduct our
business; our plans to grow our commercial real estate and commercial and
industrial loan portfolios; competition with national, regional and community
financial institutions; the loss of any key members of senior management;
fluctuations in interest rates; general economic conditions; risks relating to
the regulation of financial institutions; and other factors identified in
reports we file with the SEC. 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.

Contact:

First Internet Bancorp
Media Inquiries
Karyssa Terhark, 317-428-4625
FirstIBMarketing@firstib.com
or
Investor Inquiries
Paula Deemer, 317-428-4628
investors@firstib.com
 
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