Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announced the Board of Directors’ promotion of Mr. Brett Bauer to Chief Financial Officer and Treasurer of 1st Source Corporation and 1st Source Bank with responsibility for Accounting, Finance, Asset Liability Management, Treasury Management and Investor Relations; and that of Mr. John Bedient to Chief Operations Officer of 1st Source Bank overseeing a new Operations Group combining both deposit and loan operations. Mr. Bauer has served as Chief Investment Officer since late 2012. In this role he has been responsible for managing 1st Source’s funding and treasury functions, bank liquidity, municipal and large CD pricing and services, a $1 billion-plus investment portfolio, and setting and managing the Bank’s asset liability policy and approach. He has also played a key role in vetting tax equity investments in 1st Source’s solar financing business and recently took over responsibility for the company’s Financial Analysis unit. He initially joined the Bank as a Corporate Trainee in 1999 before becoming a Trust Investment Analyst in 2000. Prior to his tenure with 1st Source, Mr. Bauer joined Bear Stearns Japan Ltd. in Foreign Securities Operations and later served as a Vice President in the Government Securities Portfolio Management area for Bear Stearns. Between the years 2006-2012, he held the roles of Investment Officer in Funds Management and Manager of Bank Investment Operations in the Funds Management Division. Mr. Bedient has served as 1st Source’s Group Head of Administrative Services and Retail Operations since 2018 and has been a leader in the Bank’s retail and deposit services areas in various capacities since 2008. He joined the Bank as a Financial Analyst in Accounting upon completing his undergraduate degree, and in 1995 became the Assistant Controller in the Specialty Finance Group (SFG) and was later promoted to Assistant Vice President in this role. At the end of 1998 Mr. Bedient became a Sales Officer in SFG, during which time he gained invaluable experience serving clients and offering a full suite of products and services. In this role, he learned the importance of having a strong and effective operations team backing up the Bank’s sales and service officers. In late 2001, Mr. Bedient was asked to apply his accounting and analytical skills to the Bank’s securitization funding efforts dealing with outside investors, credit guarantors, and gain on sale accounting and reporting. In 2005, he became a key leader in 1st Source’s core conversion efforts, working with line and staff leaders across the Bank to install an upgraded and radically improved core system.