First Internet Bank Adds to Growing Small Business Administration Team

Rhea-AI Summary

First Internet Bank has hired Joseph Reynolds as Vice President, Senior Business Development Officer. Reynolds' experience in financial services will strengthen the Bank's Small Business Administration (SBA) team, which is currently ranked in the Top 10 for SBA 7(a) lenders nationwide.

Positive

• Joseph Reynolds brings over a decade of experience in SBA loans, which will benefit the Bank's clients and referral partners. Reynolds' ability to guide borrowers through the lending process efficiently will result in quick loan proceeds for clients.

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• None.

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bank announced today that Joseph Reynolds has joined the organization as Vice President, Senior Business Development Officer. His broad-based financial services background further enhances the experience and expertise of the Bank’s Small Business Administration (SBA) team – one currently among the Top 10 for SBA 7(a) lenders nationwide.

“Joe has actively been involved with SBA loans for more than a decade; his knowledge will be a tremendous asset to our clients and referral partners as we continue to grow,” noted Mark Gibson, Vice President, National Sales Manager. “His ability to thoroughly understand the transaction and guide the borrower through the lending process allows him to get loan proceeds to our clients quickly and efficiently.”

“I’m pleased to be joining the First Internet Bank SBA lending team; it’s exciting to be a part of such a talented, successful group,” Joe added. “Helping small business owners grow their businesses, while also helping referral partners source loans that allow borrowers to further their entrepreneurial pursuits is immensely satisfying.”

Mr. Reynolds comes to First Internet Bank from First Bank of the Lake, where he served as Senior Business Development Officer; he previously held similar positions with Fortune Bank and First Bank Financial Centre, along with a number of other roles in the financial industry. He studied at Indiana University.

About First Internet Bank
First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $4.9 billion as of June 30, 2023, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024578553/en/

Investors/Analysts

Paula Deemer

Director of Corporate Administration

(317) 428-4628

investors@firstib.com

Media

BLASTmedia for First Internet Bank

Ryan Hecker

firstib@blastmedia.com

Source: First Internet Bank

Who is Joseph Reynolds?

Joseph Reynolds is the newly hired Vice President, Senior Business Development Officer at First Internet Bank.

What is the ranking of First Internet Bank's SBA team?

First Internet Bank's SBA team is currently ranked in the Top 10 for SBA 7(a) lenders nationwide.

What is Joseph Reynolds' background?

Joseph Reynolds has a broad-based financial services background and has previously held similar positions with other banks in the industry.

What are the benefits of Joseph Reynolds joining First Internet Bank?

Joseph Reynolds' experience in SBA loans will benefit the Bank's clients and referral partners by providing efficient loan processing and quick loan proceeds.