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First Internet Bank Adds New Senior Business Development Officer to SBA Lending Team
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Rhea-AI Summary
First Internet Bank has appointed Paul DePasquale as Vice President, Senior Business Development Officer for its SBA Lending team. This addition emphasizes the Bank's dedication to assisting small businesses across the country. DePasquale has extensive experience in restaurant and franchise loans and aims to enhance financing options for business owners. The Bank, established in 1999, manages assets of $4.1 billion and offers a wide range of financial services, including SBA financing and commercial loans.
Positive
Strengthened SBA lending team with the addition of experienced professional Paul DePasquale.
DePasquale's expertise in restaurant and franchise acquisition loans could enhance service offerings.
Demonstrates the Bank's commitment to supporting small businesses.
Negative
None.
FISHERS, Ind.--(BUSINESS WIRE)--
First Internet Bank announced today the addition of Paul DePasquale to its Small Business Administration (SBA) Lending team as Vice President, Senior Business Development Officer. The move further demonstrates the Bank’s commitment to small businesses nationwide.
“We are pleased to welcome Paul to our expanding SBA lending team,” said Mark Gibson, Vice President, National SBA Sales Manager. “He has a proven track record, collaborating with clients to create customized financial solutions that meet their specific business needs while also ensuring the delivery of a positive SBA loan experience.”
Paul noted, “Small business owners often face challenges securing the financing they need to succeed. First Internet Bank has assembled a highly experienced and talented team. I am excited to be part of the effort to help grow our local economies.”
Mr. DePasquale brings extensive knowledge of restaurant and franchise acquisition loans. His background with business and real estate brokers, coupled with his ability to oversee the loan process from start to finish will benefit a wide range of clients.
He most recently served as Vice President, SBA Specialist for Gulf Coast Small Business Lending. Previous employers include Florida First Capital Finance Corporation and Wells Fargo Bank. Paul is an alumnus of Rochester Institute of Technology.
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 $4.1 billion as of June 30, 2022, the Bank provides consumer and small business deposits, consumer loans, residential mortgages 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 www.firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.
Who is Paul DePasquale in relation to First Internet Bank?
Paul DePasquale is the newly appointed Vice President, Senior Business Development Officer for the SBA Lending team at First Internet Bank.
What role is Paul DePasquale expected to play at First Internet Bank?
DePasquale will focus on enhancing financing solutions for small business owners, particularly in restaurant and franchise loans.
What is the asset size of First Internet Bank as of June 30, 2022?
As of June 30, 2022, First Internet Bank has assets totaling $4.1 billion.
What services does First Internet Bank offer?
First Internet Bank provides consumer and small business deposits, consumer loans, residential mortgages, specialty finance services, SBA financing, and commercial loans.
How does First Internet Bank support small businesses?
The Bank offers customized financial solutions and has a dedicated SBA lending team to assist small business owners in securing financing.
