|By Business Wire||
|May 30, 2014 09:43 AM EDT||
First Internet Bank of Indiana (www.firstib.com), a premier provider of online retail and business banking services nationwide, today announced Daniel E. Burd has joined the bank as Managing Director of its asset-based lending line of business.
Operating under the name First Internet Bank Business Capital, the asset-based lending division provides working capital to small- to medium-sized companies ($10 - $50 million in sales) nationally from a loan production office in Portland, Oregon. Asset-based financing options generally ranging from $2 million to $5 million include revolving lines of credit backed by accounts receivable and inventory as well as term loans backed by equipment and/or real estate.
Mr. Burd brings over 30 years experience in asset based and commercial lending at financial institutions including Northwest Acceptance, Commonwealth Financial, Congress Financial, Textron Financial, and Wells Fargo. “This was an exciting opportunity for me to leverage my experience in asset-based lending and to become part of a growing organization,” Burd said.
Said David Becker, President and CEO of First Internet Bank: “We are pleased to have Dan on board to orchestrate the growth of this line of business. His passion for finding appropriate financing solutions to help businesses will be a key to the team’s success in asset-based lending.”
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.
Sep. 28, 2016 07:45 AM EDT Reads: 2,253
Sep. 28, 2016 07:45 AM EDT Reads: 2,228
Sep. 28, 2016 07:30 AM EDT Reads: 2,901
Sep. 28, 2016 07:30 AM EDT Reads: 2,864
Sep. 28, 2016 07:00 AM EDT Reads: 2,877
Sep. 28, 2016 07:00 AM EDT Reads: 3,356
Sep. 28, 2016 07:00 AM EDT Reads: 2,080
Sep. 28, 2016 07:00 AM EDT Reads: 2,236
Sep. 28, 2016 07:00 AM EDT Reads: 2,249
Sep. 28, 2016 07:00 AM EDT Reads: 2,682
Sep. 28, 2016 07:00 AM EDT Reads: 3,451
Sep. 28, 2016 06:00 AM EDT Reads: 2,625
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 28, 2016 05:30 AM EDT Reads: 1,470
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 28, 2016 05:15 AM EDT Reads: 2,805
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
Sep. 28, 2016 05:00 AM EDT Reads: 1,204