1st Source Bank elected Andrea Short president of the bank while previous president, Jim Seitz, was elected vice chairman of the bank’s board of directors. Short will replace Seitz as president starting July 1.
Short was elected CFO of 1st Source Bank in 2013 and will continue in this capacity. Short also serves on the boards of 1st Source Capital Corporation and the 1st Source Foundation.
“Andrea’s strong leadership skills, integrity and commitment will continue to deliver on our mission of helping our clients achieve security, build wealth and realize their dreams,” Chris Murphy, chairman and CEO of 1st Source Corporation and 1st Source Bank, said. “This change is part of and a result of our long-term active succession planning with our board of directors. I could not be more pleased that the board of 1st Source Bank has elected Andrea Short to serve as president of 1st Source Bank and that she will continue as our chief financial officer. She has exemplified servant leadership throughout her career, caring more about our colleagues, our clients and the bank than she does for herself.”
Short started at 1st Source Bank in 1998 as tax director. She was later promoted to vice president and controller with responsibilities for all finance and accounting functions for 1st Source Corporation, its subsidiaries and affiliates.
Seitz was elected president of 1st Source Bank in 2012 and president of 1st Source Corporation in 2014. As president, Seitz oversaw all of the bank’s business and commercial banking, specialty finance lending and banking centers.
“On behalf of the board of directors, I am pleased to announce that Jim will bring his exemplary leadership and executional skills to his new role of vice chairman,” Murphy said. “As president of 1st Source, Jim was committed to delivering outstanding client service and leaves a wonderful legacy of servant leadership.”
Seitz will serve as vice chairman of the board of 1st Source Bank until his retirement in spring 2021.
1st Source Corporation, parent company of 1st Source Bank, has assets of $6.74 billion and is a locally controlled financial institution headquartered in the northern Indiana/southwestern Michigan area.
