First Internet Bank Announces Strategic Partnership with Lendeavor, Inc.
First Internet Bancorp (INBK)
Last first internet bancorp earnings: 4/22 04:52 pm
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firstinternetbancorp.com/tearsheet.aspx?iid=4112285
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Source: Business Wire
FISHERS, Ind. & SAN FRANCISCO--(BUSINESS WIRE)-- First Internet Bank, a pioneer in the branchless delivery of banking services, today announced a national strategic partnership with Lendeavor, Inc., a San Francisco-based technology-enabled lender to healthcare practices. This Smart News Release features multimedia. View the full release here:http://www.businesswire.com/news/home/20170907005935/en/ The partnership comprises a loan-purchase agreement and an equity investment in Lendeavor by First Internet Bancorp, parent company of First Internet Bank, pending regulatory approval. In addition, David Becker, President and CEO of First Internet Bank and Chairman, President and CEO of First Internet Bancorp, will join Lendeavor’s Board of Directors. The loan-purchase agreement includes a five-year commitment from First Internet Bank of up to $120 million annually to fund prime-quality business loans facilit
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