1st Source Makes Executive Changes

Author: Mendoza College

Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces several changes in bank management and responsibilities.

1st Source Bank announced the promotions of Jim Seitz to Executive Vice President of Community Banking; Steve Wessell to Executive Vice President of Private Banking, Wealth Management, Asset Advisors, Investment Management, Insurance and Information Technology and John Griffith to Executive Vice President of Administration.

“These changes are designed to bring people of complementary talents and experiences together to focus on the greatest opportunities for the bank,” said Christopher J. Murphy III, Chairman and CEO of 1st Source. “All three Executive Vice Presidents will have direct responsibility for areas traditionally under their direct control and will have additional responsibilities spanning the whole corporation. And, with Duke’s promotion
to Vice Chairman of the Board, there will be continuity in our strategic planning and execution.”

Jim Seitz, who is responsible for consumer and electronic banking, will now directly manage the bank’s Regional Presidents in Indiana and Michigan, as well as the areas of Consumer Lending and Mortgage, Electronic and Mobile Banking, Branch Administration, Deposit Operations and corporate-wide Marketing. Since joining 1st Source in 1980, Seitz has served as a Regional Manager, Supervisor of Banking Centers, Director of Online Banking and Manager of Consumer and Electronic Banking.

Seitz received his M.B.A. from the University of Notre Dame and his B.S. in Business Marketing from Indiana University. He is active in the community with the Community Home Buyers Corporation, St. Anthony de Padua Church, the Juvenile Diabetes Association, the South Bend Country Club and the Indiana University and Notre Dame Alumni Associations.

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