1st Source Bank Chairman and Chief Executive Officer Christopher Murphy has been elected to the board of directors of the Federal Reserve Bank of Chicago. He was elected as a Class A director and will serve through 2021. Murphy previously served as chairman of the Federal Reserve of Chicago's Community Depository Institutions Advisory Council and represented the council as a member of the Federal Reserve Board's CDIAC in Washington D.C. He received his bachelor's degree from the University of Notre Dame, a Juris Doctor from the University of Virginia Law School, and an M.B.A. from Harvard University Business School.