After 28 years of service to customers, employees and the Harvey County community, Ray Penner will step down as president and CEO this November and pursue retirement in May 2020.

First Bank of Newton is expected to finalize its merger with INTRUST Bank in November pending regulatory approval. At that time, Penner will assume the role of vice chairman at INTRUST Bank and Melvin Schadler, current First Bank of Newton executive vice president and chief operating officer, will become the community bank president for INTRUST in Newton and Hesston.

“I am incredibly grateful to have worked with such wonderful customers, employees and community partners over the years,” Penner said. “This next chapter will be exciting. Between Melvin’s leadership and the resources we gain through the merger with INTRUST, I am confident the relationships with our customers and communities will only expand from here.”

“I am humbled and grateful for this opportunity,” Schadler said. “My top priority will be to carry on Ray’s commitment to providing exceptional service to our valued customers and this community in every interaction.”

During his time as vice chairman of INTRUST Bank, Penner will support the transition of customer relationships before officially retiring on May 15, 2020. This includes working with employees and customers as First Bank of Newton merges with INTRUST Bank this November.