Christopher J. Murphy III, Chairman and Chief Executive Officer, 1st Source Corporation (Nasdaq:SRCE), parent company of 1st Source Bank, has announced that Larry E. Lentych, Treasurer and Chief Financial Officer of 1st Source Corporation, plans to retire at the end of this year. Mr. Lentych has had a distinguished career at 1st Source starting in Accounting 38 years ago. He was promoted to Vice President in 1981 when he assumed responsibility as the head of the Accounting Division, became a Senior Vice President in 1988 and was named Treasurer and Chief Financial Officer in 1991. During his time at 1st Source, he has served on virtually every significant senior committee and currently chairs the Bank’s Risk Management Committee. Mr. Lentych is a graduate of Indiana University and was recognized with The Distinguished Alumnus Award in 2009. He has volunteered his services to many worthwhile organizations. He was recognized as a Paul Harris Fellow by Rotary International for his public service and has served as President of the Northeastern Chapter of the Bank Administration Institute, Treasurer of the Medical Education Foundation, and is Vice Chair of the Advisory Board of Indiana University South Bend.
Effective with Larry’s retirement on January 1, 2013, the Board of Directors has promoted Andrea G. Short to Treasurer and Chief Financial Officer of 1st Source Bank and 1st Source Corporation.
Ms. Short began her career at 1st Source Bank in 1998 as Tax Director. In September of 2001, she was promoted to Vice President and Controller responsible for all finance and accounting functions for 1st Source Corporation, its subsidiaries and affiliates. She was promoted to Senior Vice President in 2011. Prior to joining 1st Source, Ms. Short was Tax Manager for a $25 billion bank and earlier an Audit Manager with Crowe Horwath. A Certified Public Accountant with a B.A. degree from Alma College, she recently completed the University of Chicago Booth School of Business’ Chicago Management Institute. In total, Ms. Short has close to 30 years of banking experience, bringing knowledge, history and years of strong performance to her new position.
According to Mr. Murphy, “Larry has lived our values of integrity, teamwork, outstanding client service, superior quality in all we do, and community leadership. He leaves a wonderful legacy of service and professionalism. Additionally, I am pleased that our process of identifying and growing talent has again led to the promotion of a strong candidate from within our organization who lives our values and will continue to help make 1st Source the leading financial institution in the markets we serve. Over the next four months, Larry and Andrea will work together to ensure a smooth transition of responsibilities allowing Andrea to move seamlessly into her new responsibilities by the beginning of next year.”