First Internet Bank of Indiana, which was founded in 1999 as one of the nation’s first online-only banks, has exceeded $1 billion in assets, it announced Friday.
The Indianapolis-based bank has no branch locations. The company has about 130 employees that operate out of its corporate headquarters at Keystone Crossing and operations center in Fishers, which it opened in 2013.
First Internet employees plan to celebrate the asset landmark with a balloon release in Fishers at 1 p.m. Wednesday.
“Since we launched in 1999, First Internet Bank has been on an upward trajectory,” said bank founder and CEO David Becker in a written statement. “We have experienced impressive growth in 16 short years. It is fitting and symbolic that we should celebrate this accomplishment with a balloon release.”
Shares in the bank’s parent company, First Internet Bancorp, rose 2.6 percent Friday morning, to $17.19 each.