Leadership is shuffling at 1st Source in South Bend, Ind.
The $9.1 billion-asset company said in a press release that Andrea Short will become president and CEO on Oct. 1. Short, who will remain CEO of 1st Source Bank, will succeed Christopher Murphy III, who is retiring.
Murphy will become executive chairman.
Kevin Murphy, the company’s chief digital officer, will become the bank’s president.
“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,” Murphy said of Short in the release.