First Internet Bancorp appoints Nicole Lorch as president
Nicole Lorch, a longtime executive at First Internet Bancorp in Fishers, Indiana, has been appointed president of the company and its subsidiary First Internet Bank.
The promotion will be effective at the close of business on Wednesday.
She joined First Internet Bank as Chief Marketing Officer when it launched in 1999 and held various positions over the next 22 years, including as Chief Operating Officer of the parent company with 4 assets, 2 billion dollars and the banking unit since 2017. It will keep these COO titles.
Lorch will inherit the roles of chairman from David Becker, who remains chairman and chief executive officer.
“Nicole has been an important member of the management team, contributing significantly over the years to our growth and success,” Becker said in a press release. “His unique ability to create innovative solutions, analyze complex problems and communicate effectively has been evident throughout his career. “
First Internet was the first bank and state chartered institution insured by the Federal Deposit Insurance Corp. to operate entirely online. In recent years and months, First Internet has made a major push become a major lender in the Small Business Administration’s 7 (a) program. It is also a early adopter the Federal Reserve’s real-time payment system, FedNow.