First Internet Bancorp Announces Full Exercise of Underwriters’ Over-Allotment Option

FISHERS, Ind.–(BUSINESS WIRE)–First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent
company of First Internet Bank (,
today announced that the underwriters for its previously announced
public offering of the Company’s 6.0% Fixed-to-Floating Rate
Subordinated Notes due 2029 (the “Notes”) exercised their over-allotment
option in full. The additional Notes were issued in a closing on June
19, 2019 and the Company received an additional $2.0 million in gross
proceeds, exclusive of underwriting discounts and offering expenses
payable by the Company, bringing the total gross proceeds from the
offering to $37.0 million. Keefe, Bruyette & Woods, Inc., a Stifel
, served as sole book-running manager for the offering of the
Notes, and Janney Montgomery Scott, BB&T Capital Markets, Boenning &
Scattergood, Inc. and William Blair served as co-managers.

The Notes are listed on the Nasdaq Global Select Market under the symbol

This press release is for informational purposes only and is not an
offer to sell or the solicitation of an offer to sell the Notes, which
is made only by means of a prospectus supplement and related prospectus,
nor will there be any sale of the Notes in any jurisdiction in which
such offer, solicitation or sale would be unlawful.

About First Internet Bancorp

First Internet Bancorp is a bank holding company with assets of $3.7
billion as of March 31, 2019. The Company’s subsidiary, First Internet
Bank, opened for business in 1999 as an industry pioneer in the
branchless delivery of banking services. The Bank provides consumer and
small business deposit, consumer loan, residential mortgage, and
specialty finance services nationally as well as commercial real estate
loans, commercial and industrial loans, SBA financing and treasury
management services. First Internet Bancorp’s common stock trades on the
Nasdaq Global Select Market under the symbol “INBK” and is a component
of the Russell 2000® Index. Additional information about the Company is
available at and
additional information about the Bank, including its products and
services, is available at


Paula Deemer
(317) 428-4628
[email protected]

Nicole Lorch
Executive Vice
President, Chief Operating Officer
(317) 532-7906
[email protected]

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