First Internet Bancorp in Fishers, Ind., is looking to raise $25 million capital through a stock offering.
The $1.8 billion-asset company disclosed in a regulatory filing on Wednesday that it will sell 945,000 newly issued shares of its common stock at $26.50 each. The offering is expected to close around Dec. 20.
Keefe, Bruyette & Woods is the underwriter.
The company said it plans to use the net proceeds for general corporate purposes, including capital for organic growth and acquisitions. It also expects to use capital to repay debt, finance investments and capital expenditures and provide support for its bank.
The stock offering is First Internet's second this year after raising $20.1 million in May. In September the company
