secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001562463-22-000066
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Century terminates merger with First Internet Bancorp after failing to agree on extension
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- First Century terminated the merger agreement on May 1, 2022; deal was to close by April 30.
- Federal Reserve approved merger on April 29, but statutory waiting periods prevented immediate close.
- Parties could not agree on extension terms; First Century exercised termination right.
- CEO Becker stated no mutually agreeable increased purchase price for extension was reached.
- Company reaffirms focus on strategy and Q1 results; conference call scheduled May 2 at 4:30 PM ET.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000066/0001562463-22-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246322000066/inbk-20220501.htm
  HTML page:      https://secwatch.observer/filing/0001562463-22-000066

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