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First Internet Bank of Indiana, sometimes called First Internet Bank or First IB, is one of the first state-chartered, FDIC-insured institution to operate solely via the Internet. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...
Location in the state of Indiana Coordinates: County Marion Founded 1821 Mayor Bart Peterson (D) Area - City 953. ...
A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation, or agency. ...
Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ...
Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ...
A fiscal year or financial year is a 12-month period used for calculating annual (yearly) financial reports in businesses and other organizations. ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
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The Federal Deposit Insurance Corporation (FDIC) was created by the Glass-Steagall Act of 1933. ...
The bank was founded in 1997 by entrepreneur David B. Becker, incorporated on October 28, 1998 and opened to the public on February 22, 1999. It is engaged primarily in online retail banking and investment in securities. Services include interest-bearing checking accounts, regular and money market savings accounts, CDs, IRAs, credit cards, and check cards. The bank also offers personal lines of credit, installment loans, real-time transfers between accounts, and the ability to display checking, savings and loan information on a single screen. An entrepreneur (a loanword from French) is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. ...
Online banking (or Internet banking) is a term used for performing transactions, payments etc. ...
It has been suggested that this article or section be merged with Banking. ...
Security is a type of transferable interest representing financial value. ...
Includes demand deposits, ATS, NOW, and other checkable deposits. ...
For short-term mutual funds investing in money market securities, see Money fund The money market is the financial market for short-term borrowing and lending, typically up to thirteen months. ...
Savings deposits are accounts maintained by banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money. ...
A certificate of deposit or CD is, in the United States, a time deposit, a familiar financial product, commonly offered to consumers by banks, thrift institutions, and credit unions. ...
An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States. ...
Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...
A debit card is a plastic card which provides an alternative payment method to cash when making purchases. ...
First IB is a privately capitalized institution with over 300 private and corporate investors. On March 21, 2006, the bank consummated a Plan of Exchange by which the bank became a wholly owned subsidiary of the Bancorp, a single-bank holding company.
References
United States Securities and Exchange Commission: First Internet Bank Corp Annual Report 2005.
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