FIRST INTERNET BANCORP COMPLETES ACQUISITION
OF LANDMARK FINANCIAL CORPORATION

INDIANAPOLIS, IN (January 2, 2007) —First Internet Bancorp (“Bancorp”), having previously received all shareholder and regulatory approvals, today announced the completion of its acquisition of Landmark Financial Corporation, effective January 1, 2007.  First Internet Bancorp now has two operating subsidiaries: First Internet Bank of Indiana (First IB), which includes the operations of the former Landmark Savings Bank, FSB, and Landmark Mortgage Company.

Under the terms of the agreement, shareholders of Landmark Financial Corporation receive approximately $4.00 per share.  The transaction is valued at $12 million.

At this time, First Internet Bank of Indiana will continue to serve its nationwide customer base from its principal location on Indianapolis’ northwest side and will serve former Landmark Savings Bank customers from its branch office on Monument Circle.  First IB expects to merge product offerings and systems by the end of the first quarter in order to serve customers uniformly from both locations.  Landmark Mortgage Company, with offices in Carmel and southern Marion County, near Greenwood, will continue serving central Indiana as well as other markets.

David B. Becker, Chairman and CEO of First Internet Bancorp, said, “We are very pleased to have completed the acquisition so that we may now begin building upon the strengths of all our employees to provide our customers with superior banking and mortgage products and services."

About First Internet Bancorp
First Internet Bancorp is privately capitalized with over 250 private and corporate investors.  The Bancorp is headquartered in Indianapolis and is listed on the OTC Bulletin Board (www.otcbb.com) under the symbol of "FIBP".

About First Internet Bank of Indiana
With more than $475 million in assets as of December 31, 2006, First Internet Bank of Indiana (First IB) is the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Services include interest-bearing checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs, IRAs, credit cards, and check cards that can be used instead of cash or checks. First IB also offers personal lines of credit, installment loans, unique real-time transfers between accounts, and the ability to display checking, savings and loan information on a single screen. First IB is a wholly owned subsidiary of First Internet Bancorp.

About Landmark Mortgage Company
Landmark Mortgage Company operates from two locations in the metropolitan Indianapolis area providing various mortgage products and services to clients in central Indiana and beyond.  Landmark Mortgage Company is a wholly owned subsidiary of First Internet Bancorp.