First Internet Bancorp To Acquire SBA Group For Business Loan Growth [Seeking Alpha]
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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US:NASDAQ Investor Relations:
firstinternetbancorp.com/tearsheet.aspx?iid=4112285
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Source: Seeking Alpha
First Internet Bancorp To Acquire SBA Group For Business Loan Growth Summary First Internet Bancorp has agreed to acquire the SBA Division of First Colorado National Bank. The SBA Division makes government-guaranteed loans to small business owners in the U.S. With the deal, INBK is growing its SBA business loan business capacity as it seeks to diversify its loan book. Quick Take The First Internet Bancorp ( will acquire First Colorado had developed the group for sourcing primarily SBA 7[a] business loans. INBK appears to be opportunistically acquiring an important asset that it can use to strengthen its SBA loan growth goals. Target Company Paonia, Colorado-based First Colorado was founded in 1903 as a community bank as First National Bank. The bank’s SBA Division, which sources, underwrites, and services a portfolio of small business administration loans, operate out of two Chicago locations and one Indianapolis location. Below is an overview video of the U.S. SBA: Source: U.S. Small
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INBK
Earnings
- 1/24/24 - Beat
INBK
Sec Filings
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- 3/18/24 - Form 8-K
- INBK's page on the SEC website