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<FONT FACE="Times New Roman, Times, Serif" SIZE="2">SECURITIES AND
EXCHANGE COMMISSION <BR>Washington, D.C. 20549 </FONT> </P>

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<FONT FACE="Times New Roman, Times, Serif" SIZE="2">FORM S-8
<BR>REGISTRATION STATEMENT <BR>UNDER THE
SECURITIES ACT OF 1933 </FONT> </P>


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<FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>First Indiana
Corporation <BR></B> </FONT><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(Exact name of registrant as specified in its charter) </FONT> </P>

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  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30%><FONT SIZE=2>Indiana <br>
                                                                     (State
or other jurisdiction of <br>
       incorporation or organization)
                                                      </FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;35-1692825 <br>
                                                            (I.R.S.
 Employer <br>
      Identification No.)

          </FONT></TD>
  </TR>
 </TABLE>






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    <TD WIDTH=33%><FONT SIZE=2>135
North Pennsylvania Street, Suite 2800 <br>
              Indianapolis, Indiana <br>
                                                                   (Address of
principal executive offices)</FONT></TD>
    <TD WIDTH=2%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;</FONT></TD>
    <TD WIDTH=5%>&nbsp;&nbsp;</TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;46204 <br>
                                                          (Zip Code)
      </FONT></TD>
  </TR>
 </TABLE>


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<FONT FACE="Times New Roman, Times, Serif" SIZE="2">First Indiana
Corporation Employees&#146; Stock Purchase Plan <BR>First Indiana Corporation 2004
Executive Compensation Plan <BR>(Full title of the plans) </FONT> </P>

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<FONT FACE="Times New Roman, Times, Serif" SIZE="2">William J. Brunner
<BR>Vice President, Chief Financial Officer and Treasurer
<BR>First Indiana Corporation <BR>135 North
Pennsylvania Street, Suite 2800 <BR>Indianapolis, Indiana 46204
<BR>(Name and address of agent for service) </FONT> </P>

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<FONT FACE="Times New Roman, Times, Serif" SIZE="2">(317) 269-1200
<BR>(Telephone number, including area code, of agent for service) </FONT> </P>

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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Calculation of
Registration Fee </B></FONT></P>
<div align="center">
  <table border=0 cellspacing=0 cellpadding=0 width="640">
    <tr>
      <td valign=top width="640" colspan="10">
        <hr size="1" noshade>
      </td>
    </tr>
    <tr align="center" valign="bottom">
      <td width="230"><font size="2">Title of Securities <br>
          to be <br>
          <u>registered</u> </font></td>
      <td width="11">&nbsp;</td>
      <td width="85" colspan="2"><font size="2">Amount <br>
          to be <br>
          <u>registered (1)</u> </font></td>
      <td width="9">&nbsp;</td>
      <td width="87"><font size="2">Proposed <br>
          maximum <br>
          offering price <br>
          <u>per share (2)</u> </font></td>
      <td width="9">&nbsp;</td>
      <td width="121"><font size="2">Proposed <br>
          maximum <br>
          aggregate <br>
          <u>&nbsp;&nbsp;&nbsp;&nbsp;offering price&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font></td>
      <td width="9">&nbsp;</td>
      <td width="79"><font size="2">Amount of <br>
          registration <br>
          <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fee&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font></td>
    </tr>

    <tr>

      <td valign=top width="230">

        <p><font face="Times New Roman" size="2">Common Stock, par value $.01
  per share </font></p>
      </td>
      <td valign=top width="11">&nbsp;&nbsp;</td>
      <td valign=top align="right" width="68">

        <p><font face="Times New Roman" size="2">750,000</font></p>
      </td>
      <td valign=top width="17">&nbsp;</td>
      <td valign=top width="9">&nbsp;&nbsp;</td>
      <td valign=top align="center" width="87">
        <p><font face="Times New Roman" size="2">$ 24.29</font></p>
      </td>
      <td valign=top width="9">&nbsp;&nbsp;</td>
      <td valign=top width="121" align="center">

        <p><font face="Times New Roman" size="2">$18,367,500</font></p>
      </td>
      <td valign=top width="9">&nbsp;&nbsp;</td>
      <td valign=top width="79" align="center">

        <p><font face="Times New Roman" size="2">$2,220.70</font></p>
      </td>
    </tr>

    <tr>

      <td valign=top width="230">

        <p><font face="Times New Roman" size="2">Common Stock, par value $.01
  per share</font></p>
      </td>
      <td valign=top width="11">&nbsp;</td>
      <td valign=top align="right" width="68">

        <p><font face="Times New Roman" size="2"><u>801,000</u></font></p>
      </td>
      <td valign=top width="17">&nbsp;</td>
      <td valign=top width="9">&nbsp;</td>
      <td valign=top width="87" align="center">
        <p><font face="Times New Roman" size="2">$ 24.29</font></p>
      </td>
      <td valign=top width="9">&nbsp;</td>
      <td valign=top width="121" align="center">

        <p><font size="2"><u>$19,616,490</u></font></p>
      </td>
      <td valign=top width="9">&nbsp;</td>
      <td valign=top align="center" width="79">

        <p><font face="Times New Roman" size="2"><u>$2,308.86</u></font></p>
      </td>
    </tr>
    <tr>

      <td valign=top width="230">

        <p><font face="Times New Roman" size="2">Total</font></p>
      </td>
      <td valign=top width="11">&nbsp;</td>
      <td valign=top align="right" width="68">

        <p><font face="Times New Roman" size="2">&nbsp;1,551,000</font></p>
      </td>
      <td valign=top width="17">&nbsp;</td>
      <td valign=top width="9">&nbsp;</td>
      <td valign=top width="87">

        <p>&nbsp;</p>
      </td>
      <td valign=top width="9">&nbsp;</td>
      <td valign=top width="121" align="center">

        <p><font face="Times New Roman" size="2">&nbsp;$37,983,990</font></p>
      </td>
      <td valign=top width="9">&nbsp;</td>
      <td valign=top width="79" align="center">

        <p><font face="Times New Roman" size="2">$4,529.56</font></p>
      </td>
    </tr>

    <tr>
      <td valign=top width="640" colspan="10">
        <hr size="1" noshade>
      </td>
    </tr>






  </table>

</div>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any
additional shares to be issued as a result of stock dividends, stock      splits or
similar transactions prior to the termination of this      registration statement shall
be covered by this registration statement as      provided in Rule 416. In addition,
pursuant to Rule 416(e), this      Registration Statement also covers an indeterminate
amount of interests to      be offered or sold pursuant to the employee benefit plans
described herein. </FONT></TD>
</TR>
</TABLE>


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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Determined
pursuant to Rule 457(c) and (h) using actual grant price or      average of reported high
and low prices on April 26, 2005. </FONT></TD>
</TR>
</TABLE>
<BR>




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</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>PART I.  INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS </B></FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 1. Plan
Information </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the
information specified in Part I of this Registration Statement will be sent or given to
employees as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended. Such
documents are not required to be and are not filed with the Securities and Exchange
Commission (the &#147;Commission&#148;) either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424. These documents and the
documents incorporated by reference in this Registration Statement pursuant to Item 3 of
Part II of this Form S-8, taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act of 1933, as amended. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 2. Registrant
Information and Employee Plan Annual Information. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon written or oral request, any of
the documents incorporated by reference in Item 3 of Part II of this Registration
Statement (which documents are incorporated by reference in this Section 10(a)
Prospectus), other documents required to be delivered to eligible employees pursuant to
Rule 428(b) or additional information about the First Indiana Corporation Employees&#146;
Stock Purchase Plan, the First Indiana Corporation 2004 Executive Compensation Plan and
its administrators are available without charge by contacting: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investor Resources Department, First
Indiana Corporation, 135 North Pennsylvania Street, Suite 2800, Indianapolis, Indiana
46204, telephone number (317)-269-1314. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>PART II INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </B></FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 3.  INCORPORATION
OF DOCUMENTS BY REFERENCE. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents, all of which are on file with the Commission, are hereby
incorporated by reference in this registration statement: </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Annual Report on Form 10-K for First Indiana Corporation (the      &#147;Company&#148;)(file no.
0-14354) for the year ended December 31, 2004; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Current Reports on Form 8-K filed by the Company (file no. 0-14354) on      January 3,
2005, January 21, 2005, February 17, 2005, April 4, 2005 and      April 25, 2005; and </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
description of the Common Stock of the Company contained in the First      Indiana
Corporation Registration Statement on Form S-4, File No. 333-39926,      as amended. </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d)
of the Securities Exchange Act of 1934, as amended, prior to the filing of a
post-effective amendment which indicates that all securities offered hereunder have been
sold or which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing such
reports and documents. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Registration Statement, any statement contained in a report, document or
appendix incorporated or deemed to be incorporated by reference in this Registration
Statement shall be deemed to be modified or superseded to the extent that a statement
contained in this Registration Statement or in any subsequently filed report, document or
appendix which also is or is deemed incorporated by reference modifies or supersedes such
statement in such report, document or appendix. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the written or oral request of any person to whom this Registration Statement has been
delivered, the Company will provide without charge to such person a copy of any and all
of the information (excluding exhibits  </FONT></P>





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</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>thereto unless such exhibits are
specifically incorporated by reference into such information) that has been incorporated
by reference into this Registration Statement but not delivered herewith. Requests should
be directed to Investor Relations Department, First Indiana Corporation, 135 North
Pennsylvania Street, Indianapolis, Indiana 46204, (317) 269-1314. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 4.  DESCRIPTION
OF SECURITIES. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 5.  INTERESTS OF
NAMED EXPERTS AND COUNSEL. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 6.
 INDEMNIFICATION OF DIRECTORS AND OFFICERS. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First
Indiana Corporation is an Indiana corporation. Chapter 37 of The Indiana Business
Corporation Law (the &#147;IBCL&#148;) requires a corporation, unless its articles of incorporation
provide otherwise, to indemnify a director or an officer of the corporation who is wholly
successful, on the merits or otherwise, in the defense of any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative and whether formal or informal, against reasonable expenses, including
counsel fees, incurred in connection with the proceeding. The First Indiana Corporation
Articles of Incorporation do not contain any provision prohibiting such indemnification. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
IBCL also permits a corporation to indemnify a director, officer, employee or agent who
is made a party to a proceeding because the person was a director, officer, employee or
agent of the corporation against liability incurred in the proceeding if (i) the
individual&#146;s conduct was in good faith and (ii) the individual reasonably believed (A) in
the case of conduct in the individual&#146;s official capacity with the corporation that the
conduct was in the corporation&#146;s best interests and (B) in all other cases that the
individual&#146;s conduct was at least not opposed to the corporation&#146;s best interests and
(iii) in the case of a criminal proceeding, the individual either (A) had reasonable
cause to believe the individual&#146;s conduct was lawful or (B) had no reasonable cause to
believe the individual&#146;s conduct was unlawful. The First Indiana Corporation bylaws
contain a provision substantially identical to this IBCL provision. The IBCL also permits
a corporation to pay for or reimburse reasonable expenses incurred before the final
disposition of the proceeding and permits a court of competent jurisdiction to order a
corporation to indemnify a director or officer if the court determines that the person is
fairly and reasonably entitled to indemnification in view of all the relevant
circumstances, whether or not the person met the standards for indemnification otherwise
provided in the IBCL. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First
Indiana Corporation has in effect a policy of liability insurance covering its directors
and officers. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 7.  EXEMPTION
FROM REGISTRATION CLAIMED. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 8.  EXHIBITS. </B></FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
and consent of Bose McKinney &amp; Evans LLP regarding the legality        of the securities
being registered for sale pursuant to the First Indiana        Corporation 2004 Executive
Compensation Plan. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of KPMG LLP. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Bose McKinney &amp; Evans LLP (included in Exhibit 5). </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Powers
of Attorney. </FONT></TD>
</TR>
</TABLE>
<BR>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 9.  UNDERTAKINGS. </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. The undersigned registrant hereby
undertakes: </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)
To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of a prospectus filed
with the Commission pursuant to Rule 424(b) (Section 230.424(b) of 17 C.F.R.) if, in the
aggregate, the changes in volume and price represent no more than a 20% change in the
maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table
in the effective registration statement; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PROVIDED, HOWEVER, that paragraphs
(A)(1)(i) and (A)(1)(ii) do not apply if the registration statement is on Form S-3, Form
S-8 or Form F-3, and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration
statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)
To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)
If the registrant is a foreign private issuer, to file a post-effective amendment to the
registration statement to include any financial statements required by Rule 3-19 to
Regulation S-X at the start of any delayed offering or throughout a continuous offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. The undersigned registrant hereby
undertakes that, for purposes of determining any liability under the Securities Act of
1933, each filing of the registrant&#146;s annual report pursuant to section 13(a) or section
15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>C. Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid
by a director, officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent, submit
to a court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue. </FONT></P>




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<BR>
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT><BR>





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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>SIGNATURES </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in Indianapolis, Indiana, on April 29, 2005. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FIRST INDIANA CORPORATION </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:  <u>/s/ William J. Brunner</u>  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>William J. Brunner
                                                                  Vice President, Chief
Financial Officer                                                                   and
Treasurer </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
  to the requirements of the Securities Act of 1933, this registration statement
  has been signed on April 28, 2005, by the following persons in the capacities
  indicated. </FONT></P>

<p>&nbsp;</p>
<table border=0 cellspacing=0 cellpadding=0 width="600">

  <tr align="left">

    <td valign=top width="164" align="center"><font size="2">SIGNATURE</font></td>
    <td valign=top width="84"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td valign=top width="344"><font size="2">TITLE</font></td>
  </tr>





















</table>
<table border=1 cellspacing=0 cellpadding=0 width="600">
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Marni McKinney*</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Marni McKinney</font></td>
    <td valign=top>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </td>
    <td valign=top> <font size="2">Director, Chairman of the Board and Chief Executive
      Officer <br>
      </font><font size="2">(Principal Executive Officer)</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">/s/ William J. Brunner</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top height="34"> <font size="2">&nbsp;&nbsp;&nbsp;William J. Brunner</font></td>
    <td valign=top height="34">&nbsp; </td>
    <td valign=top height="34"> <font size="2">Vice President, Chief Financial
      Officer and Treasurer</font><font size="2"> <br>
      (Principal Financial Officer and Principal Accounting Officer)</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Robert H. Warrington</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director and President</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top><font size="2">&nbsp;&nbsp;&nbsp;Gerald L. Bepko*</font></td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Gerald L. Bepko</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Anat Bird*</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Anat Bird</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top><font size="2">&nbsp;&nbsp;&nbsp;Pedro P. Granadillo*</font></td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top height="15"> <font size="2">&nbsp;&nbsp;&nbsp;Pedro P. Granadillo</font></td>
    <td valign=top height="15">&nbsp; </td>
    <td valign=top height="15"> <font size="2">Director</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Robert H. McKinney*</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Robert H. McKinney</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;William G. Mays*</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;William G. Mays</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Phyllis W. Minott*</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Phyllis W. Minott</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director</font></td>
  </tr>
  <tr align="left">
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
    <td valign=top>&nbsp;</td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Michael L. Smith*</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top>&nbsp; </td>
  </tr>
  <tr align="left">
    <td valign=top> <font size="2">&nbsp;&nbsp;&nbsp;Michael L. Smith</font></td>
    <td valign=top>&nbsp; </td>
    <td valign=top> <font size="2">Director</font></td>
  </tr>
</table>
 <br>
<table border="0" cellspacing="0" cellpadding="0" width="600">
  <tr>
    <td width="36"><font face="Times New Roman, Times, Serif" size=2>* By:</font></td>
    <td width="15">&nbsp;&nbsp;&nbsp;</td>
    <td width="549"><font face="Times New Roman, Times, Serif" size=2>/s/ William J. Brunner</font>
      <hr size="1" noshade align="left" width="150">
    </td>
  </tr>
  <tr>
    <td width="36">&nbsp;</td>
    <td width="15">&nbsp;</td>
    <td width="549"><font face="Times New Roman, Times, Serif" size=2>William J. Brunner <br>
        Attorney-in-Fact </font></td>
  </tr>
  <tr>
    <td width="36">&nbsp;</td>
    <td width="15">&nbsp;</td>
    <td width="549">&nbsp;</td>
  </tr>
</table>


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[{"type": "S-8", "sequence": "1", "filename": "e20814_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 37961}]
{"company-data": {"conformed-name": "FIRST INDIANA CORP", "cik": "0000789670", "assigned-sic": "6035", "irs-number": "351692825", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-124464", "film-number": "05785723"}, "business-address": {"street1": "135 N PENNSYLVANIA ST", "city": "INDIANAPOLIS", "state": "IN", "zip": "46204", "phone": "3172691200"}, "mail-address": {"street1": "135 N PENNSYLVANIA ST", "city": "INDIANAPOLIS", "state": "IN", "zip": "46204"}, "former-company": {"former-conformed-name": "FIRST INDIANA FINANCIAL INC", "date-changed": "19860309"}}
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE
SECURITIES ACT OF 1933
First Indiana
Corporation
(Exact name of registrant as specified in its charter)
Indiana
(State
or other jurisdiction of
incorporation or organization)
35-1692825
(I.R.S.
 Employer
Identification No.)
135
North Pennsylvania Street, Suite 2800
Indianapolis, Indiana
(Address of
principal executive offices)
46204
(Zip Code)
First Indiana
Corporation Employees' Stock Purchase Plan
First Indiana Corporation 2004
Executive Compensation Plan
(Full title of the plans)
William J. Brunner
Vice President, Chief Financial Officer and Treasurer
First Indiana Corporation
135 North
Pennsylvania Street, Suite 2800
Indianapolis, Indiana 46204
(Name and address of agent for service)
(317) 269-1200
(Telephone number, including area code, of agent for service)
Calculation of
Registration Fee
Title of Securities
to be
registered
Amount
to be
registered (1)
Proposed
maximum
offering price
per share (2)
Proposed
maximum
aggregate
offering price
Amount of
registration
fee
Common Stock, par value $.01
  per share
750,000
$ 24.29
$18,367,500
$2,220.70
Common Stock, par value $.01
  per share
801,000
$ 24.29
$19,616,490
$2,308.86
Total
1,551,000
$37,983,990
$4,529.56
(1)
Any
additional shares to be issued as a result of stock dividends, stock      splits or
similar transactions prior to the termination of this      registration statement shall
be covered by this registration statement as      provided in Rule 416. In addition,
pursuant to Rule 416(e), this      Registration Statement also covers an indeterminate
amount of interests to      be offered or sold pursuant to the employee benefit plans
described herein.
(2)
Determined
pursuant to Rule 457(c) and (h) using actual grant price or      average of reported high
and low prices on April 26, 2005.
PART I.  INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan
Information
The documents containing the
information specified in Part I of this Registration Statement will be sent or given to
employees as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended. Such
documents are not required to be and are not filed with the Securities and Exchange
Commission (the "Commission") either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424. These documents and the
documents incorporated by reference in this Registration Statement pursuant to Item 3 of
Part II of this Form S-8, taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act of 1933, as amended.
Item 2. Registrant
Information and Employee Plan Annual Information.
Upon written or oral request, any of
the documents incorporated by reference in Item 3 of Part II of this Registration
Statement (which documents are incorporated by reference in this Section 10(a)
Prospectus), other documents required to be delivered to eligible employees pursuant to
Rule 428(b) or additional information about the First Indiana Corporation Employees'
Stock Purchase Plan, the First Indiana Corporation 2004 Executive Compensation Plan and
its administrators are available without charge by contacting:
Investor Resources Department, First
Indiana Corporation, 135 North Pennsylvania Street, Suite 2800, Indianapolis, Indiana
46204, telephone number (317)-269-1314.
PART II INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3.  INCORPORATION
OF DOCUMENTS BY REFERENCE.
The
following documents, all of which are on file with the Commission, are hereby
incorporated by reference in this registration statement:
(a)
The
Annual Report on Form 10-K for First Indiana Corporation (the      "Company")(file no.
0-14354) for the year ended December 31, 2004;
(b)
The
Current Reports on Form 8-K filed by the Company (file no. 0-14354) on      January 3,
2005, January 21, 2005, February 17, 2005, April 4, 2005 and      April 25, 2005; and
(c)
The
description of the Common Stock of the Company contained in the First      Indiana
Corporation Registration Statement on Form S-4, File No. 333-39926,      as amended.
All
documents subsequently filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d)
of the Securities Exchange Act of 1934, as amended, prior to the filing of a
post-effective amendment which indicates that all securities offered hereunder have been
sold or which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing such
reports and documents.
For
purposes of this Registration Statement, any statement contained in a report, document or
appendix incorporated or deemed to be incorporated by reference in this Registration
Statement shall be deemed to be modified or superseded to the extent that a statement
contained in this Registration Statement or in any subsequently filed report, document or
appendix which also is or is deemed incorporated by reference modifies or supersedes such
statement in such report, document or appendix. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.
Upon
the written or oral request of any person to whom this Registration Statement has been
delivered, the Company will provide without charge to such person a copy of any and all
of the information (excluding exhibits
thereto unless such exhibits are
specifically incorporated by reference into such information) that has been incorporated
by reference into this Registration Statement but not delivered herewith. Requests should
be directed to Investor Relations Department, First Indiana Corporation, 135 North
Pennsylvania Street, Indianapolis, Indiana 46204, (317) 269-1314.
ITEM 4.  DESCRIPTION
OF SECURITIES.
Not
applicable.
ITEM 5.  INTERESTS OF
NAMED EXPERTS AND COUNSEL.
Not
applicable.
ITEM 6.
 INDEMNIFICATION OF DIRECTORS AND OFFICERS.
First
Indiana Corporation is an Indiana corporation. Chapter 37 of The Indiana Business
Corporation Law (the "IBCL") requires a corporation, unless its articles of incorporation
provide otherwise, to indemnify a director or an officer of the corporation who is wholly
successful, on the merits or otherwise, in the defense of any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative and whether formal or informal, against reasonable expenses, including
counsel fees, incurred in connection with the proceeding. The First Indiana Corporation
Articles of Incorporation do not contain any provision prohibiting such indemnification.
The
IBCL also permits a corporation to indemnify a director, officer, employee or agent who
is made a party to a proceeding because the person was a director, officer, employee or
agent of the corporation against liability incurred in the proceeding if (i) the
individual's conduct was in good faith and (ii) the individual reasonably believed (A) in
the case of conduct in the individual's official capacity with the corporation that the
conduct was in the corporation's best interests and (B) in all other cases that the
individual's conduct was at least not opposed to the corporation's best interests and
(iii) in the case of a criminal proceeding, the individual either (A) had reasonable
cause to believe the individual's conduct was lawful or (B) had no reasonable cause to
believe the individual's conduct was unlawful. The First Indiana Corporation bylaws
contain a provision substantially identical to this IBCL provision. The IBCL also permits
a corporation to pay for or reimburse reasonable expenses incurred before the final
disposition of the proceeding and permits a court of competent jurisdiction to order a
corporation to indemnify a director or officer if the court determines that the person is
fairly and reasonably entitled to indemnification in view of all the relevant
circumstances, whether or not the person met the standards for indemnification otherwise
provided in the IBCL.
First
Indiana Corporation has in effect a policy of liability insurance covering its directors
and officers.
ITEM 7.  EXEMPTION
FROM REGISTRATION CLAIMED.
Not
applicable.
ITEM 8.  EXHIBITS.
5
Opinion
and consent of Bose McKinney & Evans LLP regarding the legality        of the securities
being registered for sale pursuant to the First Indiana        Corporation 2004 Executive
Compensation Plan.
23.1
Consent
of KPMG LLP.
23.2
Consent
of Bose McKinney & Evans LLP (included in Exhibit 5).
24
Powers
of Attorney.
ITEM 9.  UNDERTAKINGS.
A. The undersigned registrant hereby
undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i)
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of a prospectus filed
with the Commission pursuant to Rule 424(b) (Section 230.424(b) of 17 C.F.R.) if, in the
aggregate, the changes in volume and price represent no more than a 20% change in the
maximum aggregate offering price set forth in the "Calculation of Registration Fee" table
in the effective registration statement;
(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
PROVIDED, HOWEVER, that paragraphs
(A)(1)(i) and (A)(1)(ii) do not apply if the registration statement is on Form S-3, Form
S-8 or Form F-3, and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration
statement.
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(4)
If the registrant is a foreign private issuer, to file a post-effective amendment to the
registration statement to include any financial statements required by Rule 3-19 to
Regulation S-X at the start of any delayed offering or throughout a continuous offering.
B. The undersigned registrant hereby
undertakes that, for purposes of determining any liability under the Securities Act of
1933, each filing of the registrant's annual report pursuant to section 13(a) or section
15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
C. Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid
by a director, officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent, submit
to a court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in Indianapolis, Indiana, on April 29, 2005.
FIRST INDIANA CORPORATION
By:
/s/ William J. Brunner
William J. Brunner
                                                                  Vice President, Chief
Financial Officer                                                                   and
Treasurer
Pursuant
  to the requirements of the Securities Act of 1933, this registration statement
  has been signed on April 28, 2005, by the following persons in the capacities
  indicated.
SIGNATURE
TITLE
Marni McKinney*
Marni McKinney
Director, Chairman of the Board and Chief Executive
      Officer
(Principal Executive Officer)
/s/ William J. Brunner
William J. Brunner
Vice President, Chief Financial
      Officer and Treasurer
(Principal Financial Officer and Principal Accounting Officer)
Robert H. Warrington
Director and President
Gerald L. Bepko*
Gerald L. Bepko
Director
Anat Bird*
Anat Bird
Director
Pedro P. Granadillo*
Pedro P. Granadillo
Director
Robert H. McKinney*
Robert H. McKinney
Director
William G. Mays*
William G. Mays
Director
Phyllis W. Minott*
Phyllis W. Minott
Director
Michael L. Smith*
Michael L. Smith
Director
* By:
/s/ William J. Brunner
William J. Brunner
Attorney-in-Fact