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First Internet Bancorp: Acquire First Century Bancorp

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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

First Internet Bancorp: Acquire First Century Bancorp

  • First Internet Bancorp is a bank holding company with assets of $4.3 billion as of September 30, 2021
  • First Century Bancorp was founded in 2002 and is a technology-driven bank holding company headquartered in Roswell
  • These attractive and scalable business lines provide First Internet multiple growth opportunities
  • The acquisition of First Century is an important opportunity for the organization. First, it aligns with strategy of operating unique
  • First Century is a highly profitable company with a strong track record of growth in providing technology
  • First Internet will acquire all of the outstanding shares of First Century common stock for $80.0 million in cash
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