First Internet Bank Continues SBA Team Growth, Adds Senior Business Development Officer

Rhea-AI Summary

First Internet Bank has appointed Alan Peterson as Vice President, Senior Business Development Officer, enhancing its SBA lending team. With a decade of experience in the SBA sector, Peterson aims to provide personalized support to small business clients. His prior roles include SVP at BayFirst National Bank and various positions at Golden Mile Funding and Citizens Bank. As of September 30, 2022, First Internet Bank holds $4.3 billion in assets, offering a range of financial services including SBA financing and commercial loans.

Positive

• Appointment of Alan Peterson may strengthen SBA lending capabilities.
• Peterson brings extensive experience in SBA financing to support small businesses.

Negative

• None.

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bank announced today that Alan Peterson has joined the organization as Vice President, Senior Business Development Officer. The newest member of the Small Business Administration (SBA) lending team brings to the position a deep experience base in finance and SBA lending.

“Alan has operated in the SBA arena for the last ten years and will make an immediate impact,” stated Vice President, National Sales Manager Mark Gibson. “His hands-on approach and entrepreneurial mindset will be of particular value to the small business clients and referral partners he serves. Most importantly, his excellent communication skills and ability to build solid relationships enable him to provide highly personalized advice and support throughout the lending process.”

Alan added, “I am looking forward to being part of such a successful and dynamic team. Having the opportunity to help new and established small business owners achieve their goals through SBA financing is truly gratifying.”

He comes to First Internet Bank from BayFirst National Bank, where he served as SVP, Director of Small Balance Loan Programs, and previously held positions with Golden Mile Funding and Citizens Bank. Alan attended Penn State University.

About First Internet Bank

With assets of $4.3 billion as of September 30, 2022, the Bank provides consumer and small business deposits, SBA financing, consumer loans, residential mortgages and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230119005542/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

FAQ

Who is the new Vice President of First Internet Bank's SBA lending team?

Alan Peterson has been appointed as the new Vice President, Senior Business Development Officer.

What experience does Alan Peterson bring to First Internet Bank?

Alan Peterson has ten years of experience in the SBA lending sector.

What assets does First Internet Bank hold as of September 30, 2022?

First Internet Bank has assets totaling $4.3 billion.

What services does First Internet Bank offer?

The bank offers consumer and small business deposits, SBA financing, consumer loans, residential mortgages, and commercial loans.