The Bank Slate


1st Source consolidates bank president, CEO roles

Several executive changes are planned at 1st Source in South Bend, Ind.

The $8.1 billion-asset company said in a press release that Andrea Short will become CEO of its bank on Dec. 1. Short, who will remain the bank’s president, will succeed Christopher Murphy III, who will remain the company’s chairman, president and CEO and the bank’s chairman.

Short will now have oversight of personal banking, business banking, specialty finance, wealth advisory services, credit and the bank’s operations functions.

The company also said that Kevin Murphy will become chief digital officer on Dec. 1. Murphy, who joined the bank in 2006, previously served as group head of IT.

The promotions “recognize present-day responsibilities, bring focus to the company’s most important challenges, continue a tradition of promoting from within and prepare the company and bank for continued leadership development,” the release said.

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