June 14, 2019 — First Internet Bancorp (Nasdaq:INBK), the parent company of First Internet Bank, has completed a $35 million public offering of 6.0% fixed-to-floating rate subordinated notes.
First Internet Bancorp has granted the underwriters the right to purchase up to an additional $2 million of notes at the public offering price on or before July 5, 2019. The company has applied to list the notes on the Nasdaq Global Select Market. If approved, trading is expected to begin within 30 days of the original issue date of the notes.
The team at Janney included Greg Gersack, Managing Director, Head of Equity Capital Markets and Head of MidWest and West Coast Depositories (FIG); Tom Bajus, Managing Director, Head of Fixed Income; Lozan Aleksandrov, Managing Director, Equity Capital Markets; Peter Reinhart, Managing Director, Fixed Income Capital Markets; Jason Werner, Director, Investment Banking; and Brian Flaherty, Associate, Investment Banking.
More information is available here.