First Internet Bank Expands Commercial Lending

Published on Monday, 09 January 2012 09:38 Written by TradersHuddle Staff

First Internet Bank (www.firstib.com) today announced the expansion of its commercial lending capabilities in Central Indiana. Once focused exclusively on commercial real estate, First Internet Bank now has the capability to offer a broader range of innovative lending solutions to meet the credit needs of the commercial and industrial segment, including manufacturers, distributors, small businesses, and non-profit and service organizations.

To lead this new initiative, Connie J. Shepherd joined First Internet Bank as its Senior Vice President, Commercial & Industrial Lending. Previously, Ms. Shepherd has held senior loan management positions with Mellon Bank, National City Bank, and M&I Bank. Joining Ms. Shepherd at First Internet Bank are Christina Smith, Vice President and Relationship Manager, and Susan Sottong, Operations Manager.

“The addition of this new line of business complements our existing service offering and allows First Internet Bank to continue to grow by generating high quality assets,” said David Becker, Chairman and CEO of First Internet Bank. “Ms. Shepherd has earned a reputation in the local market for building successful teams to meet the credit needs of a wide range of businesses. She was the right person to launch this effort on behalf of the Bank.”

Regarding her new responsibilities, Ms. Shepherd noted, “I am thrilled to be a part of this dynamic management team and look forward to introducing the Bank’s lending capabilities to the local business community.”

About First Internet Bank

With over $570 million in assets, 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 commercial and consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit. First IB is a wholly owned subsidiary of First Internet Bancorp (OTCBB: FIBP).