First Internet Bank
 | |
| Company type | Public |
|---|---|
| Nasdaq: INBK Russell 2000 Component | |
| Founded | 1997 |
| Headquarters | Fishers, Indiana, U.S. |
Key people | David B. Becker (CEO) |
| Products | Financial services |
| Total assets |  US$5.32 billion (2024) |
Number of employees | 295 (2024) |
| Website | www |
First Internet Bank (First IB), the sole subsidiary of First Internet Bancorp, is an American bank holding company headquartered in Fishers, Indiana. Established as a state-chartered institution insured by the FDIC, it operates solely as an online bank, and has no physical branches.[1]
Founded in 1997 by entrepreneur David B. Becker,[2] the bank was incorporated on October 28, 1998, and commenced operations on February 22, 1999. It specializes in online retail banking and securities investment. Its services include interest-bearing checking accounts, standard and money market savings accounts, certificates of deposit, individual retirement accounts, credit cards, and check cards. Additionally, First Internet Bank offers personal lines of credit, installment loans, real-time account transfers, and integrated views of checking, savings, and loan information.
First Internet Bank is privately capitalized, with over 300 individual and corporate investors. On March 21, 2006, the bank completed a Plan of Exchange, resulting in First Internet Bank becoming a wholly owned subsidiary of First Internet Bancorp, a single-bank holding company.
See also
[edit]References
[edit]- ^ Sharkey, Sarah (June 14, 2024). "First Internet Bank Review: Pros, Cons, And Alternatives". The College Investor. Retrieved July 30, 2024.
- ^ Mullen, Caitlin (April 24, 2024). "First Internet Bank CEO talks M&A, BaaS work". Banking Dive. Retrieved July 30, 2024.