UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

First Internet Bancorp

(Name of Issuer)

 

Common Stock,

(Title of Class of Securities)

 

320557101

(CUSIP Number)

 

December 31, 2015

(Date of Event which Requires Filing

of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x     Rule 13d-1(b)

¨     Rule 13d-1(c)

¨     Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

CUSIP No. 320557101

 

13G Page  2        of  7        Pages
1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Basswood Capital Management, L.L.C.

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b) x

 

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED

BY
EACH
REPORTING
PERSON

WITH

5

SOLE VOTING POWER

 

0

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

0

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES       ¨

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12

TYPE OF REPORTING PERSON*

 

IA

 

 

 

-2

 

 

 

CUSIP No. 320557101

 

13G Page  3        of  7       Pages
1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Matthew Lindenbaum

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b) x

 

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED

BY
EACH
REPORTING
PERSON

WITH

5

SOLE VOTING POWER

 

0

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

0

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES       ¨

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12

TYPE OF REPORTING PERSON*

 

IN/HC

 

  

 

-3

 

 

 

CUSIP No. 320557101

 

13G Page  4        of  7        Pages
1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Bennett Lindenbaum

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b) x

 

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED

BY
EACH
REPORTING
PERSON

WITH

5

SOLE VOTING POWER

 

0

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

0

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES       ¨

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12

TYPE OF REPORTING PERSON*

 

IN/HC

 

 

 

-4

 

 

 

Item 1(a) Name of Issuer:
   
  First Internet Bancorp
   
Item 1(b) Address of Issuer's Principal Executive Offices:
   
  8888 Keystone Crossing, Suite 1700
  Indianapolis, IN 46240
   
Item 2(a) Name of Person Filing:
   
  The information required by Item 2(a) is set forth in Row 1 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
   
Item 2(b) Address or Principal Business Office:
   
  c/o Basswood Capital Management, L.L.C.
  645 Madison Avenue, 10th Floor
  New York, NY 10022
   
Item 2(c) Citizenship:
   
  The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
   
Item 2(d) Title of Class of Securities:
   
  Common Stock
   
Item 2(e) CUSIP Number:
   
  320557101
   
Item 3 Statement filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c):
   
  The information required by Item 3 is set forth in Row 12 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
   
Item 4 Ownership:
   
  The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

 

 

-5

 

 

 

Item 5 Ownership of Five Percent or Less of a Class:
   
  Basswood Capital Management, L.L.C., Matthew Lindenbaum and Bennett Lindenbaum have ceased to be the beneficial owners of more than five percent of the class of securities.
   
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
   
  Not Applicable
   
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
   
  Not Applicable
   
Item 8 Identification and Classification of Members of the Group:
   
  Not Applicable
   
Item 9 Notice of Dissolution of Group:
   
  Not Applicable
   
Item 10 Certification:

 

By signing below the signatory certifies that, to the best of his knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

[Remainder of page intentionally left blank]

 

 

-6

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: February 10, 2016

 

  Basswood Capital Management, L.L.C.
     
  By: /s/ Matthew Lindenbaum
  Name: Matthew Lindenbaum
  Title: Managing Member
     
  /s/ Matthew Lindenbaum
  Matthew Lindenbaum, an individual
   
  /s/ Bennett Lindenbaum
  Bennett Lindenbaum, an individual

 

 

-7