Leadership Transition at 1st Source Corporation as Murphy Steps Down

July 25, 2025 - 18:59

1st Source Corporation has announced a significant leadership transition as Christopher J. Murphy III steps down from his role as CEO after an impressive tenure of 50 years. Murphy has been a pivotal figure in the company's growth and development, steering it through various economic climates and helping to establish a strong foundation for future success.

The board of directors has appointed a successor, who will take over the reins and continue the legacy of innovation and customer service that has defined 1st Source under Murphy's leadership. The new CEO is expected to bring fresh perspectives and strategies to enhance the company’s market position and drive continued growth.

Murphy expressed his gratitude for the opportunity to lead the organization, highlighting the dedication of the team and the trust placed in him by stakeholders over the years. As he steps down, the company is poised for a new chapter, aiming to build on its rich history while embracing future challenges and opportunities.