1st Source Announces the Retirement of John Griffith
1st Source Corporation (NASDAQ: SRCE) announced that John Griffith, Executive Vice President and Chief Risk Officer, will retire effective December 31, 2025.
Rhea-AI Summary
1st Source Corporation (NASDAQ: SRCE) announced that John Griffith, Executive Vice President and Chief Risk Officer, will retire effective December 31, 2025. Mr. Griffith joined 1st Source in 2001, was elevated to EVP and Chief Risk Officer in 2011, and has served nearly 25 years with the company while retaining chief legal counsel duties.
He retires with over 40 years of business and legal experience, has taught as an adjunct at Notre Dame Law School since 2017, and previously practiced banking and insolvency law in Chicago. 1st Source reports $9.1 billion in assets and a regional footprint of 78 banking centers.
Positive
- None.
Negative
- None.
Details
News Market Reaction – SRCE
On Dec 18, the day this news came out, SRCE closed 0.95% above the previous close.
Data tracked by StockTitan Argus for the Dec 18 session.
Key Figures
- Total assets
- $9.1 billion
- 1st Source Corporation asset base
- Banking centers
- 78 locations
- Banking centers in northern Indiana-southwestern Michigan area
- Specialty finance locations
- 18 locations
- 1st Source Bank Specialty Finance Group nationwide
- Trust & Wealth locations
- 9 locations
- Trust and Wealth Advisory Services network
- Insurance offices
- 10 offices
- 1st Source Insurance presence
- Loan production offices
- 3 offices
- Loan production footprint
- Griffith tenure at 1st Source
- Almost 25 years
- Service at 1st Source since 2001
- Business & legal experience
- Over 40 years
- Broad business and legal expertise, including 15 years at law firms
Historical Context
-
Promotions of two senior leaders following earlier succession changes.
-
Record Q3 results and increased quarterly cash dividend to $0.40.
-
CEO transition with Executive Chairman role and new bank president.
-
Q2 results with modest YoY growth and small dividend increase.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
South Bend, Indiana--(Newsfile Corp. - December 18, 2025) - 1st Source Corporation (NASDAQ: SRCE) announces the retirement of John Griffith, Executive Vice President and Chief Risk Officer of both the Corporation and 1st Source Bank, effective December 31, 2025. Mr. Griffith has served the organization for almost 25 years, joining 1st Source in 2001 as Senior Vice President, General Counsel, and Secretary of the Board. In 2011, he was elevated to Executive Vice President and Chief Risk Officer, retaining his chief legal counsel responsibilities of both the Bank and Corporation.
"John's dedicated service to 1st Source over the past 25 years will leave a lasting legacy," said Andrea Short, CEO and President of 1st Source Corporation and CEO of 1st Source Bank. "His commitment to our mission, culture, and values has created a foundation for management of legal, regulatory, and other risks designed to support the long-term success of both the Bank and the Corporation."
"John has had an extraordinary career at the Bank. He is cooperative and professional, sensitive to the needs of others, sufficiently accommodating, conscientious and responsible, with the ability to act decisively," added Christopher Murphy, Executive Chairman of 1st Source Corporation and 1st Source Bank. "We wish him well in his retirement and we trust he will always remain a great friend to the Bank and Corporation."
Mr. Griffith holds an undergraduate degree in Accounting from Washington University in St. Louis as well as a Juris Doctor degree from Cornell Law School. He retires with over 40 years of broad business and legal expertise, including 15 years of experience with law firms in Chicago as a banking, financial restructuring and insolvency lawyer. In addition to his tenure at 1st Source, Mr. Griffith has been an adjunct professor at the University of Notre Dame Law School since 2017.
John Griffith, 1st Source Corporation
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9536/278538_28807aea94b7d891_002full.jpg
1st Source Corporation, parent company of 1st Source Bank, has assets of
###
SOURCE STRING: 1st Source Corporation
Contact:
Hannah Nichols
NicholsHa@1stsource.com
574-235-2128
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278538
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.