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First Internet Bancorp Prices 1.38M Share Offering at $20.00/Share

Share:

First Internet Bancorp (NASDAQ: INBK) today announced that the pricing
of the underwritten public offering of 1,380,000 shares of its common
stock at a price to the public of $20.00 per share, for gross proceeds
of $27.6 million. The offering was increased from the previously
announced amount of 1,150,000 shares. The Company expects to use the net
proceeds of the offering to support the Bank's organic growth, the
pursuit of strategic acquisition opportunities and other general
corporate purposes.

Sandler O'Neill + Partners, L.P. is serving as sole book-running manager
of the offering, and Keefe, Bruyette & Woods, Inc. is acting as
co-manager. The Company has granted

See full press release

Posted-In: News Guidance Offerings Contracts Management Global

 

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