Kay Whitaker to Guide First Internet Bank as Chief Financial Officer


Kay Whitaker to Guide First Internet Bank as Chief Financial Officer

INDIANAPOLIS--(BUSINESS WIRE)-- First Internet Bank of Indiana (www.firstib.com), a premier provider of online retail and business banking services nationwide, is pleased to announce Kay Whitaker has joined the company as Senior Vice President and Chief Financial Officer.

Ms. Whitaker comes to First Internet Bank following five years as CFO at Central Indiana Community Foundation (CICF), where she provided financial oversight for 800 philanthropic funds and 165 investment accounts across multiple portfolios as well as the operations of CICF and affiliates. At CICF, she consistently delivered top quartile investment returns and was named 2012 CFO of the Year in the not-for-profit sector by the Indianapolis Business Journal. Prior to that, Ms. Whitaker was Vice President and CFO/Treasurer at Citizens Energy, where she headed a corporate acquisition, issued debt instruments, and implemented SOX compliance controls. As a consultant with PriceWaterhouseCoopers, she advised multi-billion dollar firms on finance operations, governance and enterprise risk management.

"Kay has had phenomenal success guiding organizations through periods of regulatory disruptions and major market shifts," said David B. Becker, President, CEO and Chairman of the Board of First Internet Bank. "I am confident she is the right person to build on the existing strengths of the Bank to catapult us to the next level."

"I was drawn to the entrepreneurial spirit that lives at First Internet Bank," said Ms. Whitaker. "The Bank is in a period of growth and has tremendous potential. I am thrilled to have this chance to steer the company through this sea of opportunity."

While she has left the non-for-profit sector, Ms. Whitaker will continue to express her love of philanthropy through her continued participation on a number of boards and committees. She currently serves on the advisory board for Grameen America Indianapolis and Treasurer of the Indianapolis Neighborhood Housing Partnership Initiative. Ms. Whitaker was a founding member of the (Indiana University) Kelley School of Business Women's MBA Advisory Board and has also held advisory roles with Humane Society of Indianapolis, Trinity Episcopal Church and the Indiana Writers' Center. She is a member of the AICPA and Indiana CPA Society,

A graduate of Indiana University's Kelley School of Business, Ms. Whitaker received her bachelor's degree in Accounting and her MBA in International Business.

About First Internet Bank

First Internet Bank of Indiana (First IB) is the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Deposit services include checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs and IRAs. First IB also offers consumer loans, conforming mortgages, jumbo mortgages, home equity loans and lines of credit, and commercial loans. First IB is a wholly owned subsidiary of First Internet Bancorp (OTCQB:FIBP).

About First Internet Bancorp

First Internet Bancorp, the parent company of First Internet Bank of Indiana, is privately capitalized with over 220 private and corporate investors. First Internet Bank opened for business in 1999. The Bancorp became the parent of the Bank effective March 21, 2006.

Safe Harbor Statement

This press release may contain forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance or business of the Company.Forward-looking statements are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should" or other similar expressions. Forward-looking statements are not a guarantee of future performance or results, are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the information in the forward-looking statements.Factors that may cause such differences include: risks associated with the regulation of financial institutions and holding companies, including capital requirements and the costs of regulatory compliance; failures or interruptions in communications and information systems; general economic conditions and conditions in the lending markets; competition; the plans to grow commercial lending; the loss of key members of management and other matters discussed in the press release. All statements in this press release, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

First Internet Bank
Nicole Lorch, 317-532-7906

KEYWORDS: United States North America Indiana


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