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

First Internet Bancorp

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