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First Internet Bancorp closes common stock offering

Fishers, Ind.-based First Internet Bancorp closed its previously announced underwritten offering of 945,000 of its common shares at a price of $26.50 per share.

Net proceeds from the offering stood at roughly $23.4 million after underwriting discounts and expenses. These will be used for general corporate purposes.

Keefe Bruyette & Woods was the sole book-runner for the offering while FIG Partners acted as co-manager.