Acquisitions possible after First Internet raises $45 million

First Internet Bancorp in Fishers, Ind., is planning to raise $45 million.

David Becker, CEO, First Internet Bank
David Becker, chief executive officer of OneBridge, Inc., speaks during a technology conference sponsored by the Executives' Club of Chicago in Chicago, Illinois, U.S., on Thursday, Dec. 16, 2010. This event in the club's series of technology conferences is titled "Leveraging Lessons Learned Across Industries." Photographer: Tim Boyle/Bloomberg *** Local Caption *** David Becker

The $2.4 billion-asset company disclosed in a regulatory filing Friday that it will sell about 1.7 million shares of common stock at $29 each. The sale will close on Sept. 19.

The company could raise another $7.2 million if there is enough demand.

First Internet said it plans to use the proceeds for general corporate purposes that could include acquisitions and paying off debt. The digital-only bank recently announced that it will take an equity stake in Lendeavor, a digital lender to health care practices.

Keefe, Bruyette & Woods is underwriting the sale.

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