First Internet Bank of Indiana, a subsidiary of First Internet Bancorp, is the first state-chartered, FDIC-insured institution to operate solely via the internet and has customers in all 50 states. It has over $480 million in assets and offers a wide range of financial services. Since its debut in 1999, the company has focused primarily on consumer lending. The acquisition of Landmark Financial Corporation in 2007 added residential mortgage lending to the bank’s product offering.
The company announced today that it is expanding into commercial lending, with an emphasis on commercial real estate in central Indiana. With this latest endeavor, bank management identified an opportunity to diversify further its loan portfolio while assisting creditworthy commercial borrowers in need of responsible financing alternatives.
To lead this undertaking, Michael E. Lewis, a 28-year veteran of the Indianapolis commercial banking community, has joined the bank’s management team as vice-president. Mr. Lewis has held senior management positions throughout his career with numerous financial institutions. In addition, he has spent most of his career in the commercial real estate field where he has assisted hundreds of local developers and property owners with financing solutions.
First Internet Bank believes that Mr. Lewis’ proven track record in establishing and successfully growing commercial lending departments makes him a great choice to lead the bank’s new initiative and introducing the bank’s lending capabilities to the local business community. For more information on First Internet Bank, please visit their website at www.firstinternetbancorp.com.
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