Christopher J. Murphy III transitioned from chairman of the bank and CEO of its holding company to executive chairman of 1st Source Bank, South Bend, and its holding company, effective Oct. 1.
His banking career spans more than 60 years, starting with an internship at the Office of the Comptroller of the Currency when he was 17, then three years at Citibank after graduating from the University of Notre Dame, earning an MBA from Harvard and completing law school at the University of Virginia. He then joined his father-in-law and a group of investors to buy what was then The First Bank and Trust Company of South Bend, now 1st Source Bank, serving as a mix of director, president and CEO of the bank and its holding company for the past 52 years.
Under his leadership, the bank has grown from $220 million in total assets with nine banking centers to $9 billion with 78 locations.
Murphy has served on numerous local, regional and national for-profit and not-for-profit boards, including the Indiana Bankers Association, the Federal Reserve Bank of Chicago and the Indiana Commission for Higher Education.
He was named a Sagamore of the Wabash in 2004 and 2024, and was named an IBA Leader in Banking Excellence at this year’s Annual Convention.
