# First Internet Bank

> First Internet Bank is an Indiana-chartered, FDIC-insured digital bank serving U.S. consumers, small businesses, commercial borrowers and fintech partners. Founded by David Becker, it opened in 1999 and combines online deposits with specialty lending and banking-as-a-service.

- **Founded:** 1999
- **Headquarters:** Fishers, United States
- **Founders:** David B. Becker (Founder, Chairman and Chief Executive Officer)
- **Products:** Personal deposits, Do More Business Checking, SBA lending, Commercial banking, Banking-as-a-service
- **Notable:** Opened February 22, 1999 as the first state-chartered, FDIC-insured bank operating entirely online., Parent First Internet Bancorp began Nasdaq trading in 2013., Funded $610 million in SBA 7(a) loans in 2024, up 44% year over year.

## Products & services

- **Personal deposits** — Checking, savings, money market and certificate-of-deposit accounts.
- **Do More Business Checking** — Online business checking with cash-flow tools and no monthly maintenance fee; terms apply.
- **SBA lending** — Government-guaranteed small-business financing and loan servicing.
- **Commercial banking** — Commercial real estate, working capital, public finance and treasury services.
- **Banking-as-a-service** — Bank sponsorship for fintech deposits, payments and lending programs.
- **High-fidelity ACH** — Payment visibility and ACH reliability developed with Increase.

## Achievements

- Opened February 22, 1999 as the first state-chartered, FDIC-insured bank operating entirely online.
- Parent First Internet Bancorp began Nasdaq trading in 2013.
- Funded $610 million in SBA 7(a) loans in 2024, up 44% year over year.
- Named 2024 Online Lender of the Year by Coleman Report.
- Won the Payments category of American Banker’s 2025 Innovation of the Year awards with Increase.

## Latest updates

- **2026-10** — Parent announced third-quarter results would be released October 29, 2026; that date is after this profile’s research cutoff.
- **2026-07** — Parent reported approximately $5.6 billion in assets and $4.8 billion in deposits at June 30, 2026; second-quarter credit-loss provision was $13.4 million.
- **2026-01** — Management discussed SBA and franchise-finance credit challenges and tighter underwriting in full-year results.
- **2025-10** — Announced Parlay Finance partnership to modernize SBA loan workflows.

## Links

- Website: https://www.firstib.com/
- LinkedIn: https://www.linkedin.com/company/first-internet-bank/
- Twitter/X: https://twitter.com/firstib
- YouTube: https://www.youtube.com/channel/UChJmrXO8jidxemgqtT-7krA
- Instagram: https://www.instagram.com/firstib/
- Facebook: https://www.facebook.com/FirstInternetBank

---

Profile page: https://yespress.io/first-internet-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-25