1st Source Corporation announced that after 50 years in successive leadership as President, Chairman and/or CEO of the corporation and its subsidiary 1st Source Bank, effective October 1, Christopher J. Murphy III, will step down from his CEO role and become Executive Chairman of the corporation and the bank.
Simultaneously, Andrea Short, President of 1st Source Corp and CEO of 1st Source Bank, will become CEO and President of 1st Source Corp and retain the title of CEO of 1st Source Bank.
Kevin Murphy, now Chief Digital Officer and Executive Vice President of 1st Source Corp and 1st Source Bank, will become President of 1st Source Bank.
Upon the announcement Mr. Murphy said “I could not be more pleased nor more excited to turn the CEO role over to a Servant Leader who has demonstrated time and again her commitment to the values of the company and who has shown a deep understanding of the financial and operating dynamics that lead to long term sustained success for the benefit of our colleagues, our clients, our communities, the markets we serve, and our shareholders. She has been a full partner in the continuing high performance of the company. I am also very pleased that Kevin Murphy represents the fourth generation of Morris family leadership since 1931, committed to 1st Source’s independence and delivering on its Mission of helping our clients achieve security, build their wealth, and realize their dreams."
