June 2019

Public Offering of $37.0 Million Principal Amount of 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029

North America - United States | North America | United States - Indiana | United States - Minnesota

On June 12, 2019, First Internet Bancorp closed its public offering of $35.0 million principal amount of its 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029. Our firm served as issuer's counsel in the transaction.

The underwriters exercised in full their right to purchase up to an additional $2.0 million principal amount of notes at the public offering price, exclusive of underwriting discounts and offering expenses, bringing the total gross proceeds from the offering to $37.0 million.  The additional notes were issued in a closing on June 19, 2019.

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