Strategic Insights into Banking & Fintech

1st Source chairman discloses cancer battle

The recently retired CEO of 1st Source in South Bend, Ind., disclosed his battle with bladder cancer.

Chris Murphy, who also stepped down as president in October, wrote in a letter to shareholders that he was first diagnosed two years ago. While the cancer had been in remission, he wrote that it had returned and he will start a new chemo protocol that will force him to work remotely and “out of public contact for at least the next nine weeks.”

Murphy, who is still the company’s chairman, added that he is optimistic about the protocol.

The letter also praised the company’s future under Andrea Short, who succeeded Murphy.

I couldn’t be more pleased,” he wrote. “We had a very good year financially and entered 2026 with a strong annual tactical plan and a promising three-year strategic plan that continues to focus on helping our clients achieve security, build wealth and realize their dreams while working to ensure that the bank can be here for another 160 years.”

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