First Internet Bancorp failed to acquire First Century Bancorp for $80m.

First Internet Bancorp, the parent company of First Internet Bank, failed to acquire First Century Bancorp, a full service community bank, for $80m. “Despite efforts to negotiate, we could not arrive at a mutually agreeable increased purchase price in exchange for an extension. While the acquisition initially appeared to provide opportunities to diversify our revenue streams, we will not support excess deployment of capital without a clear and likely pathway to an acceptable payback. We remain steadfastly committed to increasing shareholder value," David Becker, First Internet Bancorp CEO and Chairman. On May 1, 2022, First Internet Bancorp announces termination of First Century merger agreement.