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.

If you liked this article you might like

My Small-Cap Dividend Growers Are More Miss Than Hit So Far

My Portfolio of Small-Cap Dividend Stocks Isn't Exactly Killing It

10 New Names Help Compose My 2017 Portfolio of Small-Cap Dividend Growers

Income Investing: 9 Dividend Champions With Low Valuations

The Small-Cap Screen That Beats the Market