First Internet Bancorp

First Internet Bancorp is a bank holding company that operates First Internet Bank of Indiana, sometimes called First Internet Bank or First IB, an early state-chartered, Federal Deposit Insurance Corporation-insured institutions to operate without physical branches.

First Internet Bancorp

Type	Public
Traded as	Nasdaq: INBK Russell 2000 Component
Industry	Finance
Founded	1996
Headquarters	Indianapolis, Indiana, United States
Key people	David B. Becker, CEO
Products	retail banking, investments in securities
Revenue	$20.966M FY2005
Website	www.firstinternetbancorp.com

The bank was founded in 1997 by entrepreneur David B. Becker, incorporated on October 28, 1998, and opened to the public on February 22, 1999. It is engaged primarily in online retail banking and investment in securities. Services include interest-bearing checking accounts, regular and money market savings accounts, certificates of deposit, individual retirement accounts, credit cards, and check cards. The bank also offers personal lines of credit, installment loans, real-time transfers between accounts, and the ability to display checking, savings and loan information on a single screen.

First IB is a privately capitalized institution with over 300 private and corporate investors. On March 21, 2006, the bank consummated a Plan of Exchange by which the bank became a wholly owned subsidiary of First Internet Bancorp, a single-bank holding company.