New Community Development Officer Joins First Internet Bank

Rhea-AI Summary

First Internet Bank has appointed Nicole Woodson as Vice President and Community Reinvestment Act (CRA) Officer. Woodson will oversee the Bank's CRA plan and collaborate with local organizations to enhance community outreach. Nicole Lorch, the Bank's President, emphasized the importance of meeting community needs as a key part of the Bank's strategic vision. Woodson joins from Regions Bank, bringing prior experience from The National Bank of Indianapolis and the FDIC. First Internet Bank, a pioneer in branchless banking, has $4.2 billion in assets as of March 31, 2022.

Positive

• Appointment of Nicole Woodson as VP and CRA Officer enhances community outreach efforts.
• Woodson's extensive experience in community development strengthens the Bank's strategic initiatives.

Negative

• None.

FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bank has announced the addition of Nicole Woodson as Vice President, Community Reinvestment Act (CRA) and Community Development Officer. In this role, she will be responsible for implementing and administering all aspects of the Bank’s CRA plan and working with locally-based organizations.

“Continuing to meet the changing needs of the areas we serve is a critical component of our strategic plan and foundational principles,” said Nicole Lorch, President and Chief Operating Officer. “Nicole’s experience allows us to further extend our outreach to help create stronger, more equitable communities.”

Ms. Woodson previously served as a Vice President, Community Development Manager for Regions Bank. Prior to that, she worked with The National Bank of Indianapolis and with the Federal Deposit Insurance Corporation (FDIC). She is a graduate of Indiana University-Purdue University Indianapolis, Kelley School of Business.

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 $4.2 billion as of March 31, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005860/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 Nicole Woodson?

Nicole Woodson is the newly appointed Vice President and Community Reinvestment Act Officer at First Internet Bank.

What are the responsibilities of the new CRA Officer?

Nicole Woodson will implement and administer the Bank's Community Reinvestment Act plan and work with local organizations.

What is the significance of community engagement for First Internet Bank?

Community engagement is a critical component of First Internet Bank's strategic plan to meet the changing needs of the areas it serves.

What assets does First Internet Bank hold?

First Internet Bank holds $4.2 billion in assets as of March 31, 2022.

What prior experience does Nicole Woodson have?

Before joining First Internet Bank, Nicole Woodson served as Vice President and Community Development Manager at Regions Bank.