SOUTH BEND — Chris Murphy, 1st Source Chairman and CEO, announces that Chris Strafford has been promoted to Senior Vice President and will lead the company’s Personal Asset Management Group, with responsibilities for providing clients financial planning, portfolio management and investments, trust administration, private banking, insurance and other related financial services, including family office services. Strafford replaces Steve Wessell who is retiring from 1st Source after 21 years.

Strafford has nearly 30 years of financial services and insurance experience, including ten years at 1st Source where he was directly mentored by Wessell. He has served as President of 1st Source Insurance for the past three years and previously led the 1st Source Asset Advisor program.

Mr. Murphy added, “Chris Strafford has demonstrated strong leadership skills both inside and outside of the bank and in his new role will continue our legacy of providing caring and committed service to our clients. He is joined by a very strong team with more than 1,750 years of financial experience, and together they will deliver on our mission of helping our clients achieve security, build wealth and realize their dreams.”

Strafford graduated from Indiana University in Bloomington. He holds the distinctions of Certified Financial Planner, Certified Trust & Financial Advisor, Chartered Mutual Fund Counselor, Chartered Retirement Plan Specialist and Chartered Retirement Planning Counselor. He also has an Indiana Life/Health/Property/Casualty license and Indiana Long-term Care Partner Plan certification.

Strafford is active in the community as a board member and Past Board Chair of the United Way of St. Joseph County. He also volunteers with Junior Achievement and is Secretary of the St. Andrew Greek Orthodox Church Parish Council.

1st Source Corporation, parent company of 1st Source Bank, has assets of $5.4 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 80 banking centers, 22 1st Source Bank Specialty Finance Group locations nationwide, eight Trust and Wealth Management locations and ten 1st Source Insurance offices. For more than 150 years, 1st Source has been committed to the success of the communities it serves. For more information, visit online.