First Internet Bancorp announced the completion of a significant asset transaction involving its wholly-owned subsidiary, First Internet Bank of Indiana. The bank sold a loan portfolio with an aggregate principal balance of $836.9 million to entities affiliated with Blackstone Real Estate Debt Strategies. The sale, finalized on September 18, 2025, resulted in net proceeds of $794.2 million. An additional $27.9 million of the portfolio remains under review and may be sold later. Despite the sale, First Internet Bancorp will continue servicing the loans under a new agreement with the buyers.
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