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First Internet Bank forms alliance with Lendeavor

September 7, 2017

Via: Finextra

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.

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.

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