First Internet Bancorp announced that on September 30, 2021, it has completed the redemption of all $25.0 million aggregate principal amount of its 6.0% Fixed-to-Floating Rate Subordinated Notes due 2026 at a redemption price equal to 100% of the principal amount of the outstanding Notes plus accrued and unpaid interest to, but excluding, the redemption date. The redemption was funded using cash on hand, which included net proceeds from the previously announced private placement of $60 million aggregate principal amount of 3.75% Fixed-to-Floating Rate Subordinated Notes completed in August 2021.