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First Internet Bank (INBK) in Indianapolis raised $29.1 million through a public offering.
November 27 -
First Internet Bank is opening a commercial loan office in Phoenix and has hired three experienced lenders to run it.
April 4 -
First Internet Bancorp (INBK) in Indianapolis is adding asset-based lending to its commercial offerings.
November 6
First Internet Bank (INBK) in Indianapolis has appointed a executive to run its asset-based lending business.
The $802 million-asset company said that Daniel Burd had become a managing director in charge of asset-based lending. Burd has more than 30 years of experience in asset-based and commercial lending at various financial institutions including Northwest Acceptance, Commonwealth Financial, Congress Financial, Textron Financial, and Wells Fargo.
Burd will help "orchestrate the growth of this line of business," David Becker, First Internet's president and chief executive, said in a press release. Burd's passion for finding appropriate financing solutions and innovative working capital options will help small and midsize business clients grow, Becker added.
First Internet Bank Business Capital
The First Internet unit is also expanding its commercial lending operations adding staff and a