Daily News: June 2, 2014

First Internet Bank Names ABL Group Managing Director

First Internet Bank of Indiana announced Daniel E. Burd has joined the bank as managing director of its asset-based lending line of business.

Burd brings over 30 years of experience in asset based and commercial lending at financial institutions including Northwest Acceptance, Commonwealth Financial, Congress Financial, Textron Financial and Wells Fargo.

Operating under the name First Internet Bank Business Capital, the asset-based lending division provides working capital to small- to medium-sized companies ($10 million – $50 million in sales) nationally from a loan production office in Portland, Oregon.

“We are pleased to have Dan on board to orchestrate the growth of this line of business,” David Becker, president and CEO of First Internet Bank said. “His passion for finding appropriate financing solutions to help businesses will be a key to the team’s success in asset-based lending.”