First Internet Bancorp (NASDAQ:INBK) Files An 8-K Other Events
Item 8.01 Other Events
On December19, 2018, First Internet Bancorp (the “Company”) issued a press release announcing that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to $10.0 million of its outstanding common stock from time to time on the open market or in privately negotiated transactions. The stock repurchase program is scheduled to expire on December31, 2019.
The stock repurchase program may be modified, suspended or discontinued at any time and does not commit the Company to repurchase shares of its common stock. The actual number and value of the shares to be purchased will depend on the performance of the Company’s stock price and other market conditions. Repurchases under the program may also be made to a Rule10b5-1 plan, which, if adopted by the Company, would permit shares to be repurchased in accordance with pre-determined criteria when the Company might otherwise be prohibited from doing so under insider trading laws or because of self-imposed trading blackout periods.
A copy of the press release announcing the stock repurchase program filed as Exhibit99.1 and the information set forth therein is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
First Internet Bancorp Exhibit
EX-99.1 2 a18-41846_1ex99d1.htm EX-99.1 Exhibit 99.1 First Internet Bancorp Announces Stock Repurchase Program Fishers,…
To view the full exhibit click here
About First Internet Bancorp (NASDAQ:INBK)
First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet. The Company also offers commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. It offers residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank’s subsidiary, JKH Realty Services, LLC manages real estate owned properties.
