South Bend-based 1st Source Corp. CEO Christopher Murphy was elected to the board of directors of the Federal Reserve Bank of Chicago. Murphy will serve on the board through 2021.
This story by Merritt McLaughlin originally appeared in Inside Indiana Business.
He was elected by banks in the Seventh Federal Reserve District with capital and surplus of $16.6 million to $460 million.
Murphy has more than 40 years as an employee and 45 years as a Board member of 1st Source. He has served as president and CEO of the bank since 1977. 1st Source Corp. serves the RV industry.
Murphy received his bachelor’s in government from the University of Notre Dame in 1968, a Juris Doctor from the University of Virginia Law School in 1971, and an MBA (with distinction) from Harvard University Business School in 1973.