Intrust Bank has named its longtime chief operating officer, Jay Smith, as its new president.
Smith, 55, assumes the job from Charlie Chandler, who remains the $4.3 billion bank’s chairman and chief executive.
“As time has gone on, Jay has taken on greater and greater responsibility for a variety of areas,” Chandler said Wednesday. “This was a natural progression … recognizing the responsibility he has.”
Chandler added that Smith “has quite a fan club” among the people he works with “and has demonstrated tremendous loyalty” to the bank.
Smith was matter-of-fact about the promotion.
“I’m appreciative, but I don’t know that it’s going to change the way I interact with people,” he said.
Smith added that his basic responsibility as president is to “make sure today is a little bit better than yesterday.”
As president and COO, he has oversight of financial and business strategy, legal, compliance, auditing, people services, operations and technology, public affairs, consumer banking, wealth management and credit and debit card operations.
Smith, a Wichita State University graduate, joined the bank as vice president of finance in 1991.
His first job was as a certified public accountant working in the audit department in the Wichita office of Peat Marwick, the predecessor of accounting giant KPMG. While at Peat Marwick, he lived in Tarrytown, N.Y., and worked out of its New York City office.
“I think I came away with a much better appreciation for the short commute,” he said.