1st Source Elects Two New Members to its Board of Directors - Seite 2

Mr. Murphy went on to say, “We are pleased our shareholders voted to add these strong leaders to our Board of Directors. We know they will help the Company deliver on its mission to help our clients achieve security, build wealth and realize their dreams by living our values and keeping our clients’ best interest in mind for the long-term.”

These elections come as two longstanding colleagues and Board Members enter retirement. Jim Seitz, former President of 1st Source Bank and Vice Chairman of the 1st Source Bank Board of Directors, and John Phair, Chairman of the Board of Holladay Properties and member of the 1st Source Bank and 1st Source Corporation Boards have both served the organization well for many years and offered valuable guidance during their tenures. Colleagues within the 1st Source organization and the Board recognized them for their remarkable service and extend their gratitude and congratulations to Mr. Seitz and Mr. Phair as they enter retirement.

Two current members were also reelected to the Board of 1st Source Corporation by shareholders. Melody Birmingham serves as Senior Vice President and Chief Administrative Officer of Duke Energy, which is a role she was recently promoted to with expanded responsibilities for IT, Administrative Services and Supply Chain Organization. Ms. Birmingham brings 26 years of leadership and managerial experience in the electric and automotive manufacturing industries. Mark D. Schwabero retired as Chairman, Chief Executive Officer and Director of Brunswick Corporation in 2018 and brings nearly 43 years of experience in the automotive, marine and commercial vehicle/manufacturing industries. Mr. Schwabero and Ms. Birmingham both qualify as audit committee financial experts under SEC guidelines.

All four above mentioned directors have been elected to terms that end April 2024 and will be subject to reelection at that time.

1st Source Corporation, parent company of 1st Source Bank, has assets of $7.5 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 79 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations and 10 1st Source Insurance offices. For more than 155 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 www.1stsource.com.

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