INB is moving into the Florida market and has tapped banking veteran Allen Brinkman to be its Florida chief executive officer.
Brinkman has a long-term partner of one of IND’s largest shareholders for many years according to a statement.
“Choosing INB as a partner was an easy decision. When you and your clients are in agreement with goals, and objectives, and you juxtapose that with an institution that is not aligned, you take action,” said Brinkman, in the statement. “Within the first three weeks of opening, our Florida team has already generated over $146 million in loans to Florida customers.”
INB has three board members, and shareholders, based in Florida.
“Everything just fell into place,” says Sarah Phalen, CEO of INB Corporation, in the statement. “It was an organic and philosophical conversation at the beginning. As a result, it did not take long for our Florida team and INB to recognize that they shared a common objective to provide service to the client that was customized, professional and timely.”
INB, formerly known as Illinois National Bank, is based in Springfield, Illinois.
Editorial Note: Brinkman has been a long-term partner of one of IND’s largest shareholders for many years. This story previously stated he was a shareholder.