South Bend-based 1st Source Corp. (Nasdaq: SRCE) has named Andrea Short president of 1st Source Bank. Short will succeed Jim Seitz, who has been appointed vice chairman of the 1st Source Bank Board of Directors.
1st Source says Seitz will serve in his new role until his retirement in 2021.
Seitz was elected president of 1st Source Bank in 2012, and in 2014 was elected president of 1st Source Corp. As president, Seitz oversaw 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. As President of 1st Source, Jim was committed to delivering outstanding client service and leaves a wonderful legacy of servant leadership,” said Chris Murphy, chairman and chief executive officer of 1st Source Corp. and 1st Source Bank.
Short was named chief financial officer of the bank in 2013 and will continue her responsibilities in addition to her new role as president.
“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,” added Murphy.
Short serves on the boards of 1st Source Capital Corp. as well as the 1st Source Foundation.