Jim Seitz, 1st Source president, has announced that Chris Craft, president of the Auto/Light Truck and SFG Deposit Divisions of the bank’s Specialty Finance Group, is the new president and chief operating officer of the 1st Source Specialty Finance Group.

Craft replaces Al Qualey, who will continue as president emeritus and chief adviser.
Additionally, Greg Brown, president of the Specialty Vehicle Division, has also become president of the Auto/Light Truck Division.

“With Chris Craft’s enthusiasm and his strong background in banking and finance, he is the right person to manage our Specialty Finance Group,” said Seitz. “With his leadership and the continued guidance of Al Qualey, the future of our Specialty Finance Group is strong.”

Craft has 30 years of experience in banking. He began his career with 1st Source Bank in 1985 and later served as vice president of commercial banking. He then returned to the bank in 2012 as president of the Auto/Light Truck and Specialty Vehicle Fleet Divisions. In his new role, Craft will continue as a member of the bank’s strategic deployment, senior management, asset liability and credit policy committees.

Brown joined 1st Source in 2014 as the president of the Specialty Vehicle Division. He has 20 years of banking experience.

In his role as president emeritus and chief adviser, Qualey will continue to be involved with client development and retention and expansion activities. He will also remain a member of the bank’s strategic deployment committee.

For more information, visit www.1stsource.com.