First Internet Bank

First Internet Bank of Indiana (First IB) is the sole subsidiary of First Internet Bancorp, an American bank holding company headquartered in Fishers, Indiana. It was established as one of the first state-chartered banks to operate exclusively online and via telephone, without any physical branches.^[1]

First Internet Bank of Indiana

Company type	Public
Traded as	Nasdaq: INBK Russell 2000 Component
Industry	Financial services
Founded	1997; 28 years ago (1997)
Headquarters	Fishers, Indiana, U.S.
Key people	David B. Becker (CEO)
Products	Direct banking
Total assets	US$5.32 billion (2024)
Number of employees	295 (2024)
Parent	First Internet Bancorp
Website	www.firstib.com

Founded in 1997 by David B. Becker,^[2] the bank was incorporated on October 28, 1998, and began operations on February 22, 1999. Specializing in online retail banking and securities investment, it offers a range of financial products including interest-bearing checking accounts, savings accounts (standard and money market), certificates of deposit, individual retirement accounts, credit cards, personal lines of credit, and installment loans.

Privately capitalized with over 300 individual and corporate investors, First Internet Bank became a wholly owned subsidiary of First Internet Bancorp following a Plan of Exchange completed on March 21, 2006.^[3]

See also

• Direct bank
• Online banking
• Telephone banking