Press Release

First Internet Bank Breaks Ground on New Headquarters in Downtown Fishers

Company Release - 6/4/2019 4:10 PM ET

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bank (the “Bank”) broke ground today for its new corporate headquarters in downtown Fishers. Since establishing an office at its current location – approximately two miles east of the new site – in 2013, the Bank’s assets are up nearly 500% and its employee count has risen by 75%.

“The relocation of our headquarters will allow us to continue to expand our operations to achieve our strategic growth plan,” said David Becker, President and CEO of First Internet Bank. “As one of Fishers’ success stories, we are proud to be part of the city’s revitalization efforts in the historic Nickel Plate District.”

The Bank’s new corporate office, a planned six-story, 168,000 square foot building with ground-floor retail, is the first structure to commence construction in a mixed-use development along 116th Street in Fishers’ Nickel Plate District. The development will incorporate the anticipated Nickel Plate Trail.

“We are excited to break ground on First Internet Bank’s new headquarters today,” said Fishers Mayor Scott Fadness. “David Becker is a dynamic leader for his company and for the community. We are fortunate to have leaders like David who embrace the vision we have for downtown Fishers and who are willing to invest in the future of our city. Today is a solid step forward in growing the vibrancy of the heart of our community.”

A recognized leader in branchless banking since its launch in 1999, the Bank has received numerous awards for its banking services, corporate culture and workplace environment — including American Banker’s nationwide register of “Best Banks to Work For,” the Indiana Chamber of Commerce’s “Best Places to Work in Indiana,” and the Indianapolis Star’s “Top Workplaces.” First Internet Bank’s parent company, First Internet Bancorp (Nasdaq: INBK), was named to Fortune’s 100 Fastest Growing Companies in 2018 — the only Indianapolis-area company to be recognized.

“First Internet Bank and Fishers share an entrepreneurial spirit; we are honored to be an active partner in the city’s future,” said Nicole Lorch, Chief Operating Officer of First Internet Bank. “Planning our future in the heart of a community where many of our employees live, along a trail that encourages wellness and community involvement, is a key component of our corporate culture and success.”

Initial stages of construction will continue through the summer. The building is scheduled to be ready for occupancy by Fall 2021.

About First Internet Bank

First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $3.7 billion as of March 31, 2019, the Bank now provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at www.firstib.com. The Bank is a wholly owned subsidiary of First Internet Bancorp (Nasdaq: INBK).

Forward-Looking Statements

This press release contains forward-looking statements with respect to the Bank’s new corporate headquarters. Forward-looking statements are generally identifiable by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “pending,” “plan,” “preliminary,” “scheduled,” “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. For a list and description of some of such risks and uncertainties, see First Internet Bancorp’s periodic reports filed with the U.S. Securities and Exchange Commission (“SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in First Internet Bancorp’s filings with the SEC. All statements in this press release, including forward-looking statements, speak only as of the date they are made, and neither First Internet Bancorp nor First Internet Bank undertakes an obligation to update any statement in light of new information or future events.

Investors/Analysts
Paula Deemer
Investor Relations
(317) 428-4628
investors@firstib.com

Media
Nicole Lorch
Executive Vice President & Chief Operating Officer
(317) 532-7906
nlorch@firstib.com

Source: First Internet Bank