1st Source, the parent company of 1st Source Bank, elected Isaac P. Torres to its board of directors. Torres is the president and CEO of InterCambio Express, an internet-based money transfer service. Torres has expertise in internet-based industries and international payment systems as well as skills in finance, accounting compliance and international business.

“We are pleased our shareholders voted to add Mr. Torres to our board, and we look forward to his contributions to the leadership and vision for the future of 1st Source. His business background and decades of experience will blend well with our already strong board,” Christopher J. Murphy III, chairman and CEO of 1st Source, said.

Torres serves on the boards of the Community Foundation of Elkhart County, IN, and the Women’s Care Center and RISE-Moxie. He is a committee member of the South Bend & Elkhart Regional Partnership’s diversity and inclusion committee and the Indiana University Foundation board.

Torres’ election comes as three current board members were re-elected, including John F. Affleck-Graves, chaired professor of finance and former executive vice president and CFO of the University of Notre Dame; Daniel B. Fitzpatrick, founder, chairman and CEO of Quality Dining; and Christopher J. Murphy IV, co-founder, owner and CEO of Catharsis Productions.