News

1st Source Bank Honored for 150 Years in Business

12/07/2013
The Indiana Historical Society (IHS), in partnership with the Indiana Economic Development Corporation (IEDC) presented 13 companies with its Centennial Business Award, and honored 1st Source Bank for 150 years in business at its annual Founders Day Dinner. Each company was also added to its Historic Business Register. The presentation took place December 2 at the Eugene and Marilyn Glick Indiana History Center, located at 450 W. Ohio St. in downtown Indianapolis.
 
Indiana Governor Mike Pence presented the award to Jim Seitz, 1st Source President and John Griffith, 1st Source Executive Vice President of Administration and General Counsel.
 
Founded in 1863 as the First National Bank of South Bend, 1st Source has a long history as a strong, stable, local and personal bank. In 1931, the bank’s name was changed to the First Bank and Trust Company after a merger engineered by community leaders Ernest Morris and Vincent Bendix. The Morris family has continued to lead the bank since 1931, including Morris’s daughter, Ernestine Morris Carmichael Raclin, and her son-in-law, Christopher J. Murphy III, who continues today as the bank’s Chairman and CEO. Since 1981, the bank has been known as 1st Source Bank.
 
The Centennial Business Awards are presented every year in partnership with the IEDC. To date, the names of more than 400 companies have been registered and listed on the IHS website, most with organizational narratives.
 
Photographed (left to right): Jerry Semler, Board Chair of the Indiana Historical Society; John Griffith, 1st Source Executive Vice President of Administration and General Counsel; Mike Pence, Indiana Governor; and Jim Seitz, 1st Source President.