$INBK (FIRST INTERNET BAN) — 8-K: First Internet Bancorp places $20.5M of 8.0% fixed-to-floating subordinated notes due 2036

First Internet Bancorp completed a private placement of $20.5 million in aggregate principal amount of 8.0% fixed-to-floating rate subordinated notes due 2036. The notes pay 8.0% fixed interest from September 10, 2026 to September 15, 2031, then reset quarterly to three-month SOFR plus 373.5 basis points. The notes are structured to qualify as Tier 2 capital, and net proceeds are intended for general corporate purposes, including potential redemption or retirement of higher-rate existing indebtedness.

First Internet Bancorp completed a private placement of $20.5 million in aggregate principal amount of 8.0% fixed-to-floating rate subordinated notes due 2036. The notes pay 8.0% fixed interest from S