First Internet Bancorp (FIBP) is adding a director with experience in overseeing banks and tracking the regional economy.

The $627 million-asset company said Thursday that Ann Murtlow, who also serves as a director of the Federal Reserve Bank of Chicago, will join its board in January.

Murtlow, who has been a director of the Chicago Fed since 2007, is a principal of AM Consulting. Her background also includes nine years as the chief executive of Indianapolis Power & Light Company and a series of senior posts at AES Corp.

"Ann will offer a distinct perspective on the economy to our board," David Becker, First Internet's chairman and chief executive, said in a press release Friday. "She has uncommon insight on the banking industry, macroeconomic factors, and the Central Indiana business community."

In November, First Internet named John Keach Jr. to its board. Keach, a longtime Indiana banker, is expected to aid a push by the online only bank into commercial lending.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.