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First Internet Bancorp terminates sales agency agreement with Sandler

Fishers, Ind.-based First Internet Bancorp terminated its sales agency agreement with Sandler O'Neill & Partners LP, effective Jan. 3.

The agreement, dated May 6, 2016, authorized the company to sell, from time to time, up to $25.0 million of its common shares through an at-the-market equity offering program with Sandler O'Neill acting as sales agent.

First Internet terminated the agreement in connection with the underlying registration statement expiring. Prior to the termination, the company sold about $3.4 million of the shares available for sale under the agreement.