First Internet Bank of Indiana, the first Indiana banking institution to
operate solely on the internet, announced plans today to expand its
operations to Fishers, Indiana and add over 48 jobs as part of its
growth. The bank’s parent company, First Internet Bancorp, plans to
invest $4.3 million in the former site of the St. Vincent Health medical
center, located at 11201 USA Parkway.
”We were pleased to identify this facility as a site for expansion,”
said David B. Becker, Chairman and CEO of First Internet Bancorp. “Much
like First Internet Bank itself, the Fishers community is growing and
thriving. With its many amenities, strong school system, and community
events, Fishers has positioned itself to be a place where people want to
live and work.”
The 49,700 sq. ft. facility was formerly classified as medical use-tax
exempt. The First Internet expansion will bring the facility back into a
taxable use, creating jobs and opening up additional space for potential
new tenants. By creating 48 new jobs, First Internet Bank plans to
invest $3.3 million in new payroll.
“Fishers’ ability to attract top talent is now stronger than ever and
First Internet’s investment is excellent proof,” said Fishers Town
Council President John Weingardt. “We appreciate David Becker’s
leadership and commitment to Fishers, both as a resident and now part of
the business community.”
About Fishers Advantage
The Fishers Advantage, Fishers’
aggressive economic development initiative, has recruited over 1,000
jobs , 160,000 sq. ft. of leased or purchased space and retained nearly
400 jobs over the past 18 months by highlighting an excellent business
climate, quality of life and talented workface in Fishers. For more
information on the Fishers Advantage, visit www.thefishersadvantage.com.
About First Internet Bancorp
First Internet Bancorp (OTCQB:
FIBP), the parent company of First Internet Bank of Indiana, is
privately capitalized with over 220 private and corporate
investors. First Internet Bank opened for business in 1999. The Bancorp
became effective March 21, 2006.
About First Internet Bank
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.
Deposit services include checking accounts, regular and money market
savings accounts with industry-leading interest rates, CDs and IRAs.
First IB also offers consumer loans, conforming mortgages, jumbo
mortgages, home equity loans and lines of credit, and commercial loans.
First IB is a wholly owned subsidiary of First Internet Bancorp.
This press release may contain forward-looking statements with
respect to the financial condition, results of operations, plans,
objectives, future performance or business of First Internet Bancorp.
Forward-looking statements are generally identifiable by the use of
words such as “believe,” “expect,” “anticipate,” “plan,” “intend,”
“estimate,” “may,” “will,” “would,” “could,” “should” 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.
Factors that may cause such differences include: risks associated
with the regulation of financial institutions and holding companies,
including capital requirements and the costs of regulatory compliance;
failures or interruptions in communications and information systems;
general economic conditions and conditions in the lending markets;
competition; the plans to grow mortgage lending; the loss of key members
of management; the Company's ability to meet all of the requirements for
listing on the NASDAQ Capital Market; and other matters discussed in the
press release. All statements in this press release, including
forward-looking statements, speak only as of the date they are made, and
the Company undertakes no obligation to update any statement in light of
new information or future events.