|By Business Wire||
|May 7, 2014 05:04 PM EDT||
First Internet Bank (www.firstib.com), a premier provider of online retail and business banking services nationwide, today announced it will be the exclusive presenting sponsor of the 2014 Home-A-Rama at Brookside. The Home-A-Rama is a partnership of the Builders Association of Greater Indianapolis (BAGI), WTHR Channel 13 and Indianapolis Monthly.
Said David Becker, President and CEO of First Internet Bank: “We are proud to present this year’s Home-A-Rama at Brookside. The event is well respected and attended by local homeowners, builders and realtors. We think this partnership is a great opportunity to demonstrate our commitment to Central Indiana real estate – both residential mortgage and commercial lending.”
This year’s Home-A-Rama will be held at Brookside in Westfield, Indiana, and runs three weekends in June. At the event, participants can tour five luxury homes. The show provides local homeowners a source of inspiration for construction, remodeling, landscaping, and design projects.
“We are thrilled to be partnering with First Internet Bank on this year's show,” said Steve Lains, CEO of BAGI. “We admire their commitment to our industry as a whole, and we are proud to be working alongside their team creating what we know will be an excellent show.”
As a strong contributor to the local development community, First Internet Bank has partnered with local developers in more than 20 active Central Indiana neighborhood communities. In addition, the Bank is currently financing or has committed to finance new homes throughout the Indianapolis area with sales price points up to $900,000. These financing commitments exceed $27 million.
Becker noted: “Just a few years ago, many of the local lenders scaled back their commercial real estate financing commitments or exited this line of business altogether. We strengthened our commitment to the local market, assisting customers and prospects with critical financing to help develop home sites and new housing inventory. When everyone else was running away, we ran in. Over the last four years, First Internet Bank has provided millions of dollars in financing to help developers plan, develop, and expand many of the new residential neighborhoods throughout Central Indiana. We have also supported custom builder construction as the existing level of new finished home inventory in high growth areas dwindled.”
First Internet Bank has built an award-winning residential mortgage lending program and provides financing to homeowners. The Bank offers a wide range of loan programs – with fixed and adjustable rate options, FHA and VA loans with low down payment options, jumbo loans, construction loans, and home equity loans and lines of credit.
Proceeds for the 2014 Home-A-Rama will benefit St. Vincent Cancer Walk. For more information about Home-A-Rama, visit http://www.wthr.com/category/269968/home-a-rama-event-details.
About First Internet Bank
First Internet Bank of Indiana opened for business in 1999 as the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Deposit services include checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs and IRAs. First Internet Bank also offers consumer loans, conforming mortgages, jumbo mortgages, construction loans, home equity loans and lines of credit, commercial real estate loans, commercial and industrial loans, and asset-based lending. In the past year, First Internet Bank was also named one of the Best Banks to Work For by American Banker Magazine, a Top Workplace by The Indianapolis Star, and the top Online Originator by Mortgage Technology. For more information about the Bank, please visit www.firstib.com. The bank is a wholly owned subsidiary of First Internet Bancorp (NASDAQ: INBK).
About First Internet Bancorp
First Internet Bancorp (NASDAQ: INBK) became the parent company of First Internet Bank of Indiana in 2006. For more information about the Bancorp, please visit www.firstinternetbancorp.com.
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