FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (NASDAQ: INBK), the parent company of First Internet Bank (www.firstib.com), announced that effective September 30, 2016 its common stock began trading on the NASDAQ Global Select Market. Previously, the Company’s common stock was listed on the NASDAQ Capital Market.
Additionally, the Company’s recently issued 6.00% Fixed-to-Floating Rate Subordinated Notes due 2026 have been approved for listing on the NASDAQ Global Select Market and will begin trading at the market open on October 12, 2016 under the trading symbol of INBKL.
Representing the highest of three NASDAQ market tiers, the NASDAQ Global Select Market is designed for public companies meeting the highest listing standards in the world, including stringent financial, liquidity and corporate governance requirements. David Becker, Chairman, President and CEO of First Internet Bancorp, commented, “We are proud to upgrade to the NASDAQ Global Select Market. This achievement reflects our performance as a publicly traded company, our exceptional growth and our steadfast commitment to shareholder returns. We see this as an important milestone toward reaching a broader audience with our success story as the Company increases its visibility in the investment community.”
About First Internet Bancorp
First Internet Bancorp is the parent company of First Internet Bank of Indiana, which opened for business in 1999 as the nation’s first state-chartered, FDIC-insured institution to operate solely via the Internet. With customers in all 50 states, First Internet Bank offers consumers services including checking, savings, money market, certificates of deposit and IRA accounts as well as consumer loans, residential mortgages, residential construction loans and home equity products. For commercial clients, it provides commercial real estate loans, commercial and industrial loans and treasury management services. First Internet Bank has been recognized as one of the “Best Banks to Work For” by American Banker Magazine, a “Best Place to Work in Indiana” by a consortium of statewide resources, and a “Top Workplace” by The Indianapolis Star. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com.