INDIANAPOLIS--(BUSINESS WIRE)--First Internet Bancorp, the parent company of First Internet Bank of Indiana, yesterday visited the NASDAQ MarketSite in Times Square to celebrate its listing on the NASDAQ Capital Market under the symbol INBK.
In honor of the occasion, David Becker, rang the Opening Bell. “This is a very proud moment for me as Chairman and CEO,” Becker said in a statement. “Our subsidiary, First Internet Bank, has come a long way from a kernel of an idea fourteen years ago… In the last two years alone, we have grown assets, loans, and deposits, all at double-digit rates… Our credit quality and risk management practices have supported our loan growth, and we maintain the highest asset quality possible while we maintain diversity in both the loan types and geography. The Bancorp is well capitalized and poised for growth. Our franchise is scalable and can efficiently handle and leverage our infrastructure for the future.”
David Wicks, Vice President of NASDAQ, remarked, “From the time of the company’s launch of its innovative internet banking services to today, the company has really combined innovation, technology, and a vision to truly become a premier provider of nationwide online retail and business banking services. All of this has positioned the company to deliver solid financial performance. In fact, just last month, (the Bancorp) announced record 2012 earnings, including a 76% increase in net income, a growth in total assets, and a 10.8% increase in tangible book value. All of that is truly impressive performance. Today, NASDAQ is truly proud to be First Internet Bancorp’s partner, working together, driving innovation, driving growth, and this morning, we are proud to recognize all of you for your leadership and wish you continued success.”
The Bancorp’s NASDAQ listing started February 22, 2013. The first day of trading also marked the 14th anniversary of First Internet Bank.
Video of the opening bell ceremony is available online at http://mktvideo.nasdaq.com/MarketSiteOpenCloseVideos/201302/mo_022813.wmv
About First Internet Bancorp
First Internet Bancorp (NASDAQ: INBK) is the parent company of First Internet Bank of Indiana. First Internet Bank opened for business in 1999. The Bancorp became the parent of the Bank effective March 21, 2006.
About First Internet Bank
First Internet Bank of Indiana (http://www.firstib.com) is the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Deposit services include checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs and IRAs. First Internet Bank also offers consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. The bank is a wholly owned subsidiary of First Internet Bancorp.
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