First Internet Bank (Ind.) Hires Foundation Executive as Its CFO

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First Internet Bank of Indiana continues to bring in new blood to the company.

The $627 million-asset bank said Monday that it had named Kay Whitaker as its chief financial officer. She will succeed Laurinda Swank, who is shifting to the newly created post of chief accounting officer, a company spokeswoman said.

Whitaker joins the Indianapolis bank from the Central Indiana Community Foundation, where she was the chief financial officer. The foundation is a public charitable fund with more than $550 million in assets that provides oversight to more than 800 philanthropic funds. She has also worked as a chief financial officer for Citizens Energy and as a consultant at PriceWaterhouseCoopers.

Whitaker is the latest in a growing line of additions at the Internet bank. Ann Murtlow joined the board earlier this month, a company spokeswoman said. She served three terms as a director of the Federal Reserve Bank of Chicago and was president and chief executive of Indianapolis Power and Light from 2002 through 2011.

Last month, the bank added veteran Indiana community banker John Keach Jr. to its board to help with a push into commercial lending.

The bank's management also plans to begin trading on a major stock exchange in the next several months. The bank's parent, First Internet Bancorp (FIBP), currently trades on the OTC, but filed last month to start trading on the Nasdaq, the spokeswoman said.

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