August 3, 2011 – 1st Source Corporation Chairman, President and CEO Christopher J. Murphy III announced an initiative today at a press conference which will match $1 for every $2 raised by November 30, 2011 for South Bend's New Tech High School.
Murphy stated, "All of us at 1st Source believe that South Bend Schools are at a pivotal point in improving their performance with regard to student success. We believe the New Tech High initiative can be transformative."
School Board Vice-President Jay Caponigro applauded the financial support being offered by 1st Source which could result in a $200,000 contribution.
Interim Superintendent Carole Schmidt joined in the praise of this partnership. "Having an organization like 1st Source not only contribute their own funds for South Bend New Tech, but showing such outstanding leadership and support is a great day for the South Bend Community School Corporation."
South Bend New Tech will open the school year on August 25th with 100 ninth grade students in a wing of Riley High School. Principal John Kennedy stated, "The teachers have been hired and trained, the students have been enrolled, and we are very excited to open our doors this fall to this innovative program which re-imagines teaching and learning and engages students."