Jim Seitz, 1st Source President, 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 Advisor. 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.”
Chris 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 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.
Craft earned an M.B.A. in Finance from the University of Notre Dame and a B.S. in Business Management from Indiana University South Bend. He has earned the designations of Chartered Financial Analyst and Certified Treasury Professional. Craft is a member of the Indiana University South Bend (IUSB) Alumni Association Board, the IUSB Titan Athletic Advisory Board, the Past Chairs Committee of the IU Alumni Association and the Fellowship of Christian Athletes of North Central Indiana Board.
Greg Brown joined 1st Source in 2014 as the President of the Specialty Vehicle Division. He has 20 years of banking experience. Brown earned a B.S. in Finance from Indiana University. He has served as board chair of Big Brothers Big Sisters of Elkhart County and as treasurer of Elcona Country Club.
In his role as President Emeritus and Chief Advisor, Al Qualey will continue to be involved with client development and retention and expansion activities. He will remain a member of the Bank’s Strategic Deployment Committee and will be an active member of the Senior Management, Asset Liability and Credit Policy Committees.