First Internet Bank Welcomes New SBA Senior Business Development Officer

Rhea-AI Summary

First Internet Bank has appointed Tyler Maragh as Vice President, Senior Business Development Officer in its SBA Lending team. With extensive experience in small business lending, Maragh aims to enhance the bank's presence as a leading SBA preferred lender. Previously, he held a similar role at Byline Bank and has worked with Liberty SBF and Marcus & Millichap. The Bank, founded in 1999, has $4.3 billion in assets as of September 30, 2021, providing a range of banking services including SBA financing and commercial loans.

Positive

• Maragh's extensive experience in small business lending enhances the company's capacity to serve clients.
• First Internet Bank is recognized as one of the nation's fastest-growing SBA preferred lenders.

Negative

• None.

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bank announced today that Tyler Maragh has joined its Small Business Administration (SBA) Lending team as a Vice President, Senior Business Development Officer.

Tyler Maragh, Vice President, Senior Business Development Officer (Photo: Business Wire)

“Tyler’s breadth of experience in small business lending gives him an excellent understanding of how to help owners achieve success,” said First Internet Bank Vice President, National SBA Sales Manager Mark Gibson. “We are confident he will be a trusted advisor to clients, helping identify their unique financing needs while providing expertise throughout the lending process.”

“Entrepreneurs need financing solutions to meet their changing needs,” Maragh said. “I look forward to working with the First Internet Bank team to drive growth and further solidify our leadership position as one of the nation’s fastest-growing SBA preferred lenders.”

Prior to joining First Internet Bank, Mr. Maragh served as Associate Vice President and Business Development Officer at Byline Bank, where he oversaw the bank’s national loan financing. Past tenure includes positions with Liberty SBF and Marcus & Millichap. He received his B.S. in Business Administration from the University of Central Florida.

For more information about First Internet Bank’s national SBA Lending platform, please visit firstib.com.

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 $4.3 billion as of September 30, 2021, 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/20211026006004/en/

First Internet Bank Contact Information

Investor Relations

Paula Deemer

Director of Corporate Administration

(317) 428-4628

investors@firstib.com

Media Relations

BLASTmedia for First Internet Bank

Ryan Hecker

firstib@blastmedia.com

Source: First Internet Bank

FAQ

Who is the new Vice President at First Internet Bank?

Tyler Maragh has been appointed as Vice President, Senior Business Development Officer.

What is Tyler Maragh's role in the SBA Lending team?

He will help clients identify unique financing needs and drive growth.

What does First Internet Bank specialize in?

The bank specializes in consumer and small business deposits, SBA financing, and commercial loans.

What is the asset value of First Internet Bank as of September 30, 2021?

First Internet Bank has assets totaling $4.3 billion.

What date was the press release about Tyler Maragh's appointment issued?

The press release was issued on October 26, 2021.