First Internet Bancorp Announces Issuance of $35 Million Subordinated Notes

FISHERS, Ind.–(BUSINESS WIRE)–First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent
company of First Internet Bank (the “Bank”) (,
today announced the completion of its previously announced public
offering of $35.0 million principal amount of its 6.0% Fixed-to-Floating
Rate Subordinated Notes due 2029 (the “Notes”). Keefe, Bruyette & Woods,
Inc., a Stifel Company, has served as sole book-running manager
for the offering, with Janney Montgomery Scott, BB&T Capital Markets,
Boenning & Scattergood, Inc. and William Blair serving as co-managers.

The Company has granted the underwriters in the offering a right to
purchase up to an additional $2.0 million principal amount of Notes at
the public offering price, less the underwriting discounts, on or before
July 5, 2019. Assuming the Company’s application to list the Notes on
the Nasdaq Global Select Market is approved, trading in the Notes on
Nasdaq is expected to begin on or about June 17, 2019.

This press release is for informational purposes only and is not an
offer to sell or the solicitation of an offer to sell the Notes, which
is made only by means of a prospectus supplement and related prospectus,
nor will there be any sale of the Notes in any jurisdiction in which
such offer, solicitation or sale would be unlawful.

About First Internet Bancorp

First Internet Bancorp is a bank holding company with assets of $3.7
billion as of March 31, 2019. The Company’s subsidiary, First Internet
Bank, opened for business in 1999 as an industry pioneer in the
branchless delivery of banking services. The Bank provides consumer and
small business deposit, consumer loan, residential mortgage, and
specialty finance services nationally as well as commercial real estate
loans, commercial and industrial loans, SBA financing and treasury
management services. First Internet Bancorp’s common stock trades on the
Nasdaq Global Select Market under the symbol “INBK” and is a component
of the Russell 2000® Index. Additional information about the Company is
available at and
additional information about the Bank, including its products and
services, is available at

Forward-Looking Statements

This press release may contain forward-looking statements with respect
to the financial condition, results of operations, trends in lending
policies, plans, objectives, future performance or business of the
Company. Forward-looking statements are generally identifiable by the
use of words such as “anticipate,” “believe,” “could,” “estimate,”
“expect,” “intend,” “may,” “pending,” “plan,” “preliminary,” “should,”
“will,” “would” 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 breaches of or interruptions in the communications
and information systems on which we rely to conduct our business;
failure of our plans to grow our commercial real estate, commercial and
industrial, public finance and healthcare finance 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 U.S. Securities and Exchange
Commission. 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.


Paula Deemer
(317) 428-4628

Nicole Lorch
Executive Vice
President, Chief Operating Officer
(317) 532-7906

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