First Internet Bank of Indiana (First IB) is the sole subsidiary of First Internet Bancorp, an American

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') or bancorporation is often used to refer to such companies as w ...

headquartered in

Fishers, Indiana Fishers is a city in the Fall Creek Township, Hamilton County, Indiana, Fall Creek and Delaware Township, Hamilton County, Indiana, Delaware townships in Hamilton County, Indiana, Hamilton County, Indiana, United States. As of the 2020 United Sta ...

. It was established as one of the first state-chartered banks to operate exclusively online and via telephone, without any physical branches. Founded in 1997 by David B. Becker, 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 account A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial instituti ...

s, savings accounts (

standard Standard may refer to: Symbols * Colours, standards and guidons, kinds of military signs * Standard (emblem), a type of a large symbol or emblem used for identification Norms, conventions or requirements * Standard (metrology), an object ...

and

money market The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a compo ...

certificates of deposit A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn with ...

individual retirement account An individual retirement account (IRA) in the United States is a form of pension provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's ...

s, 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.ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 First Internet Bank 2020 Annual Report

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

. Retrieved July 31, 2024.

References

External links

* {{DEFAULTSORT:First Internet Bank Of Indiana Online financial services companies of the United States Banks established in 1998 Companies listed on the Nasdaq Companies based in Indianapolis Banks based in Indiana Online banks

See also

References

External links