First Internet Bank

Last updated
First Internet Bank of Indiana
Company type Public
Nasdaq:  INBK
Russell 2000 Component
Industry Financial services
Founded1997;27 years ago (1997)
Headquarters Fishers, Indiana, U.S.
Key people
David B. Becker (CEO)
Products Direct banking
Total assets Increase2.svg US$5.32 billion (2024)
Number of employees
295 (2024)
Parent First Internet Bancorp
Website www.firstib.com

First Internet Bank of Indiana (First IB) is the sole subsidiary of First Internet Bancorp, an American bank holding company headquartered in Fishers, Indiana. It was established as one of the first state-chartered banks to operate exclusively online and via telephone, without any physical branches. [1]

Contents

Founded in 1997 by David B. Becker, [2] the bank was incorporated on October 28, 1998, and began operations on February 22, 1999. Specializing in online retail banking and securities investment, it offers a range of financial products including interest-bearing checking accounts, savings accounts (standard and money market), certificates of deposit, individual retirement accounts, credit cards, personal lines of credit, and installment loans.

Privately capitalized with over 300 individual and corporate investors, First Internet Bank became a wholly owned subsidiary of First Internet Bancorp following a Plan of Exchange completed on March 21, 2006. [3]

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