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1st Source Bank Announces Promotion of Two Senior Leaders

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management

1st Source Bank (NASDAQ: SRCE) announced promotions of two senior leaders effective following recent succession changes. John Bedient was named Chief Operating Officer and Executive Vice President with responsibility for Information Technology, Salesforce, and the Enterprise Project Management Office in addition to Operations. Dan Lifferth was named Chief Administrative Officer and Senior Vice President, adding Branch Administration, Community Development, and Administrative Services to his Human Resources oversight.

These moves follow leadership transitions effective October 1, 2025. The corporation reports $9.1 billion in assets and 78 banking centers, underscoring organizational scale.

1st Source Bank (NASDAQ: SRCE) ha annunciato promozioni di due dirigenti senior effective dopo recenti cambi di successione. John Bedient è stato nominato Chief Operating Officer e Executive Vice President con responsabilità per Tecnologia dell'informazione, Salesforce e l'Enterprise Project Management Office oltre alle Operazioni. Dan Lifferth è stato nominato Chief Administrative Officer e Senior Vice President, aggiungendo Amministrazione delle Filiali, Sviluppo della Comunità e Servizi Amministrativi alla sua supervisione delle Risorse Umane.

Queste mosse seguono le transizioni di leadership efficaci il 1 ottobre 2025. La società riporta $9.1 miliardi in attività e 78 centri bancari, sottolineando l'ampiezza dell'organizzazione.

1st Source Bank (NASDAQ: SRCE) anunció promociones de dos líderes senior con efecto tras las recientes cambios de sucesión. John Bedient fue nombrado Chief Operating Officer y Executive Vice President con responsabilidad para Tecnología de la Información, Salesforce y la Oficina de Gestión de Proyectos Empresariales además de Operaciones. Dan Lifferth fue nombrado Chief Administrative Officer y Senior Vice President, añadiendo Administración de Sucursales, Desarrollo Comunitario y Servicios Administrativos a su supervisión de Recursos Humanos.

Estas movidas siguen transiciones de liderazgo efectivas el 1 de octubre de 2025. La corporación reporta $9.1 mil millones en activos y 78 centros bancarios, subrayando la escala organizacional.

1st Source Bank (NASDAQ: SRCE)은 최근 승계 변화에 따라 효과가 있는 두 명의 고위 리더를 승진 발표했습니다. John Bedient는 COO 및 부사장으로 임명되어 운영 외에 정보 기술, Salesforce and Enterprise Project Management Office를 책임지게 되며 운영을 담당합니다. Dan Lifferth은 CAO 및 수석 부사장으로 임명되어 지점 관리, 커뮤니티 개발 및 행정 서비스가 그의 인사 관리 감독에 추가됩니다.

이러한 조치는 2025년 10월 1일에 시행되는 리더십 전환에 따라 이루어집니다. 회사는 91억 달러의 자산과 78개의 은행 지점을 보고하며 조직 규모를 강조합니다.

1st Source Bank (NASDAQ: SRCE) a annoncé des promotions de deux dirigeants seniors effectives après les récentes mutations de succession. John Bedient a été nommé Chief Operating Officer et Executive Vice President avec responsabilité pour la Technologie de l'Information, Salesforce et le Enterprise Project Management Office en plus des Opérations. Dan Lifferth a été nommé Chief Administrative Officer et Senior Vice President, ajoutant l'Administration des Sucursales, le Développement Communautaire et les Services Administratifs à sa supervision des Ressources Humaines.

Ces mouvements font suite à des transitions de leadership effectives le 1 octobre 2025. La société rapporte 9,1 milliards de dollars d'actifs et 78 centres bancaires, soulignant l'ampleur de l'organisation.

1st Source Bank (NASDAQ: SRCE) gab die Beförderungen von zwei leitenden Führungskräften bekannt, gültig nach den jüngsten Nachfolgeregelungen. John Bedient wurde zum Chief Operating Officer und Executive Vice President ernannt mit Verantwortung für Informationstechnologie, Salesforce und das Enterprise-Projektmanagementbüro zusätzlich zu den Operations. Dan Lifferth wurde zum Chief Administrative Officer und Senior Vice President ernannt, wobei Filialverwaltung, Gemeinwesenentwicklung und Administrative Services zu seiner Aufsicht über Personalressourcen hinzukommen.

Diese Maßnahmen folgen Führungswechseln, die am 1. Oktober 2025 wirksam werden. Das Unternehmen meldet $9.1 Milliarden Vermögenswerte und 78 Bankfilialen, was die Organisationgröße unterstreicht.

1st Source Bank (NASDAQ: SRCE) أعلنت ترقية شريكيْن قياديين رفيعيْن التنفيذ اعتبارًا من التغييرات الأخيرة في خلافة القيادة. John Bedient تم تعيينه رئيس العمليات ونائب الرئيس التنفيذي مع مسؤولية تكنولوجيا المعلومات، Salesforce، ومكتب إدارة المشاريع المؤسسية إلى جانب العمليات. Dan Lifferth تم تعيينه رئيس الإدارة ونائب الرئيس الأول، مضيفًا إدارة الفروع، التنمية المجتمعية، والخدمات الإدارية إلى إشرافه على الموارد البشرية.

تأتي هذه التحركات بعد انتقالات القيادة الفعالة اعتبارًا من 1 أكتوبر 2025. تُشير الشركة إلى أصول قدرها $9.1 مليار و 78 فرع بنكي، مما يؤكد حجم المؤسسة.

Positive
  • Effective Oct 1, 2025 corporate leadership transitions formalized
  • John Bedient has ~35 years tenure and now oversees IT, Salesforce, and EPMO
  • Dan Lifferth brings ~30 years experience and continues HR plus new administrative areas
  • $9.1 billion in assets and 78 banking centers indicate operational scale
Negative
  • None.

John Bedient appointed Chief Operating Officer and Dan Lifferth Chief Administrative Officer

South Bend, Indiana--(Newsfile Corp. - November 20, 2025) - 1st Source Bank is pleased to announce the Board of Directors' promotion of two senior leaders following recent succession changes at the Bank and parent company, 1st Source Corporation (NASDAQ: SRCE). Mr. John Bedient will become Chief Operating Officer and Executive Vice President with responsibility for Information Technology, Salesforce, and the Enterprise Project Management Office in addition to his current Operations responsibilities. Mr. Dan Lifferth will become Chief Administrative Officer and Senior Vice President. He will continue to oversee Human Resources and will add Branch Administration, Community Development, and Administrative Services as additional responsibilities.

Effective October 1, 2025, 1st Source Corporation, parent company of 1st Source Bank announced the transition of three senior leaders, Christopher J. Murphy to Executive Chairman, Andrea G. Short to Chief Executive Officer and President of the Corporation and Chief Executive Officer of the Bank, and Kevin C. Murphy to President of the Bank. These additional promotions follow suit as 1st Source continues to align responsibilities and ensure preparedness for long-term success.

"Both colleagues were promoted due to their long-term service and dedication to our mission, culture and values," Andrea Short, CEO of 1st Source Bank and CEO and President of 1st Source Corporation said. "John's strategic vision and leadership skills make him the ideal candidate for Chief Operating Officer. With Dan's extensive experience and commitment to our mission, he is well-equipped to continue to lead Human Resources as well as his new critical areas of responsibility."

Mr. Bedient joined 1st Source Bank in 1991 as an entry-level financial analyst. In his nearly 35 years at the Bank, he has had key responsibility for strategic projects including creation, management, and eventual wind-down of the Bank's Specialty Finance asset securitization portfolios, installation of a drastically improved core system, loan origination and CRM conversion projects, development and roll-out of the Bank's mobile banking platforms, in-house debit card systems, as well as online and in-branch account opening conversion projects. Additionally, Mr. Bedient has played a key role in the Bank's use of immediate payments, directing the Bank's utilization of the Real-Time Payments platform (RTP®) and most recently, in the Bank's participation on day one of the Federal Reserve's FedNow® payments systems. He holds a bachelor's degree in business administration from Indiana University and serves Habitat for Humanity of St. Joseph County, Indiana as a Board Member and Vice Chairman of the Board.

Mr. Lifferth has served as the Senior Vice President of Human Resources since 2015. In this role he has been responsible for implementing employee engagement and leadership development improvements, including the Bank's LEAD and Engaging Manager Programs. He also led improvements to 1st Source's early career pipelines, saw the Bank through the challenging COVID-19 pandemic with a people-first mindset, and led the transition of core HR platforms. Prior to his tenure at 1st Source, Mr. Lifferth began his career in Human Resource Management at Philips Consumer Electronics. With nearly 30 years of expertise, he's also worked on major organizational transition initiatives with IBM, Whirlpool Corporation, United Technologies, and with a private equity engagement with Carlyle/BC Partners. He holds a bachelor's degree in industrial and organizational psychology, with a minor in economics, from Middle Tennessee State University, and a Master of Business Administration from Ohio State University. In 2023, Mr. Lifferth also completed the Stonier/Wharton Graduate School of Banking at the University of Pennsylvania.

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John Bedient, 1st Source Bank

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Dan Lifferth, 1st Source Bank

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1st Source Corporation, parent company of 1st Source Bank, has assets of $9.1 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 78 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices. For more than 160 years, 1st Source has been committed to our mission of helping our clients achieve security, build wealth and realize their dreams. For more information, visit https://www.1stsource.com/.

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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/275357

FAQ

What roles did 1st Source Bank announce on November 20, 2025 (SRCE)?

The bank promoted John Bedient to Chief Operating Officer and Dan Lifferth to Chief Administrative Officer.

When did the related 1st Source corporate leadership transitions take effect for SRCE?

The corporate leadership changes took effect on October 1, 2025.

What responsibilities will John Bedient have as COO of 1st Source Bank (SRCE)?

Bedient will oversee Information Technology, Salesforce, the Enterprise Project Management Office and Operations.

What additional duties will Dan Lifferth assume at 1st Source Bank (SRCE)?

Lifferth will continue HR and add Branch Administration, Community Development, and Administrative Services.

How large is 1st Source Corporation in assets and branches (SRCE)?

The corporation reported $9.1 billion in assets and operates 78 banking centers.

Will these promotions change 1st Source Bank's executive leadership structure for investors (SRCE)?

The promotions align executive responsibilities after October 1, 2025 leadership transitions to support continuity and succession planning.
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