First Internet Bancorp (INBK)

Overview

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana, providing a wide range of banking products and services to individual and commercial customers across the United States. Founded in 1999 and headquartered in Fishers, Indiana, First Internet Bancorp pioneers the digital banking landscape, servicing various banking needs through its comprehensive offerings. The company is dedicated to delivering banking solutions through a digital platform, catering to the modern customer's preference for accessible and convenient banking services without the need for physical bank branches.

Products and Services

• Banking Accounts - Offers both non-interest bearing and interest-bearing demand deposit accounts, commercial deposits, savings accounts, and money market accounts. Banking-as-a-Service (BaaS) brokered deposit accounts and certificates of deposit are also available, catering to the diverse needs of savings and investment preferences among individuals and businesses.
• Loan Services - Provides a comprehensive suite of loan products including commercial and industrial loans, owner-occupied and investor commercial real estate loans, construction loans, and residential mortgages. Consumers can also access home equity loans, lines of credit, home improvement loans, small installment loans, term loans, and other personal financing options. The bank offers specific financing solutions like single tenant lease financing, as well as public and healthcare finance options, demonstrating its versatility and commitment to catering to a wide array of financial needs.
• Franchise Finance - Specializes in offering financing options for franchisors and franchisees, facilitating the expansion and operational needs of franchise businesses. This dedicated service highlights First Internet Bancorp's focus on supporting the growth of small to medium enterprises within the franchise industry.
• Small Business Lending - Targets small businesses by providing tailored lending products that support their unique operational challenges and growth opportunities. This service underscores the company's commitment to fostering the development of the small business sector.
• Municipal Services - Engages in the purchase, management, servicing, and safekeeping of municipal securities. Offers public and municipal lending and leasing products to government entities, showcasing the company's capability to service the financial needs of the public sector.
• Corporate Credit Card and Treasury Management Services - Provides corporate credit card services and sophisticated treasury management solutions, designed to assist businesses in managing their finances efficiently. These services emphasize First Internet Bancorp's dedication to offering comprehensive financial solutions that meet the complex requirements of corporate clients.