First Internet Bank is opening a commercial loan office in Phoenix and has hired three experienced lenders to run it.
Though the $802 million-asset bank, a unit of First Internet Bancorp) in Indianapolis, is primarily an online lender, it does have a handful of brick-and-mortar locations, including a mortgage loan office in Tempe, Ariz.
"The expansion allows First Internet Bank to continue to grow by generating high quality assets in a market where we see opportunity and where we already have a physical presence," David Becker, the bank's chairman and chief executive said in a news release.
Leading the Phoenix office as regional vice president is Scott Davis, who has more than 35 years of commercial lending experience. Mitch Langston, a 20-year commercial banking veteran, will serve as the office's vice president. Carol Dittmar rounds out the team as commercial banking coordinator with her 20 years of knowledge of loan processing, closing policies, credit policies and approval process.
The three will deliver flexible financing solutions to manufacturers, distributors, small businesses, and nonprofit and service organizations, the bank said in a press release.