First Internet may raise $25 million in at-the-market sales agreement

Sandler O’Neill & Partners is agent and will be paid a 3% commission

By Devika Patel

Knoxville, Tenn., May 6 – First Internet Bancorp arranged a $25 million at-the-market sales agreement on May 6, according to a prospectus supplement and 8-K filed Friday with the Securities and Exchange Commission.

Sandler O’Neill & Partners, LP is the agent and will be paid a 3% commission.

Proceeds will be used for general corporate purposes, which may include capital contributions to the bank and debt repayment or redemptions.

The bank holding company is based in Indianapolis.

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