Intrust in Kansas Taps Insider as President

By Chris Cumming April 04, 2013, 11:09 a.m. EDT 1 Min Read

Intrust Bank in Wichita, Kan., has promoted its longtime chief operating officer to become its president.

Jay Smith will succeed Charlie Chandler, who will remain the $4.3 billion-asset bank's chairman and chief executive, the Wichita Eagle reported in its online edition Wednesday. Smith joined Intrust in 1991 as vice president of finance before becoming the chief operating officer.

"As time has gone on, Jay has taken on greater and greater responsibility for a variety of areas," Chandler told the Wichita Eagle. "This was a natural progression."

Intrust has 48 branches in Kansas, Oklahoma and Arkansas. The bank earned $8.9 million last year, according to a regulatory filing.

Chris Cumming

MORE FROM AMERICAN BANKER

Consumer banking

20 banks and thrifts with the most assets

The top five banks and thrifts have combined total assets of nearly $13 trillion.

Just now
Regulation and compliance

'Through the looking glass': Jamie Dimon sounds off on regulatory burden

The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.

By Catherine Leffert

51m ago
Litigation

If Supreme Court sides with CFPB, 'flurry' of litigation moves forward

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.

By Kate Berry

6h ago
Politics

Democrats push back against Corporate Transparency Act ruling

Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.

By Claire Williams

8h ago
Commercial lending

'Credit darling' Webster Financial reports uptick in defaulted loans

The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.

By Allissa Kline

10h ago
Earnings

Zions, Comerica foresee turnaround on loan growth in late 2024

The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.

By Catherine Leffert

11h ago