This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

1st Source Announces Bank Management Positions

Stocks in this article: SRCE

Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces several changes in bank management and responsibilities.

Wellington “Duke” Jones III has been promoted to Vice Chairman of the Board effective June 30, with his current role and responsibilities as President and Chief Operating Officer ending at that time. In his new role, Jones will continue to work on strategic execution, the formalization of the bank’s 2013 plan and will serve as a mentor for managers during the transition of his responsibilities.

Jones joined 1st Source Bank in 1976 and has held a number of positions in top management at the bank. He has also been involved in the community extensively, and is currently a member of the board of directors of Memorial Health Systems, the Memorial Hospital/Health System Finance Committee and the Boys and Girls Clubs of St. Joseph County. Duke has served on several other community boards, including the United Way of St. Joseph County, the Morris Performing Arts Center and the Center for History.

1st Source Bank also announces the promotions of Jim Seitz to Executive Vice President of Community Banking; Steve Wessell to Executive Vice President of Private Banking, Wealth Management, Asset Advisors, Investment Management, Insurance and Information Technology and John Griffith to Executive Vice President of Administration.

“These changes are designed to bring people of complementary talents and experiences together to focus on the greatest opportunities for the bank,” said Christopher J. Murphy III, Chairman and CEO of 1st Source. “All three Executive Vice Presidents will have direct responsibility for areas traditionally under their direct control and will have additional responsibilities spanning the whole corporation. And, with Duke’s promotion to Vice Chairman of the Board, there will be continuity in our strategic planning and execution.”

Jim Seitz, who is responsible for consumer and electronic banking, will now directly manage the bank’s Regional Presidents in Indiana and Michigan, as well as the areas of Consumer Lending and Mortgage, Electronic and Mobile Banking, Branch Administration, Deposit Operations and corporate-wide Marketing. Since joining 1st Source in 1980, Seitz has served as a Regional Manager, Supervisor of Banking Centers, Director of Online Banking and Manager of Consumer and Electronic Banking.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs