Todd Schurz, president and CEO of Schurz Communications Inc., is the newest member of the board of directors for South Bend-based 1st Source Corp. and 1st Source Bank.
Schurz has served as CEO of Schurz Communications Inc. since July 2007 and has been with the company since 1989. Schurz Communications Inc. is a privately-owned communications company with four broadband companies and managed cloud services companies. Schurz Communications Inc. has operations in several states and operates in Great Britain and Romania.
“Todd is well-respected in the business community, has held leadership positions in not-for-profit and economic development organizations in the markets we serve, and his strong leadership skills and unique perspective developed over a long career in the communications field will add tremendous value to our boards,” said Chris Murphy, chairman and CEO of 1st Source.
Schurz previously worked for the Times Journal Co. in Springfield, Va. and for the New York Daily News during graduate school. He also served as president and publisher of Associated Desert Shoppers in Palm Desert, Calif. and president, editor and publisher of the South Bend Tribune.
He also held the post of vice president of technology and business development with Schurz Communications Inc. and president and general manager of WSBT Television, and most recently was Schurz Communications Inc. president and chief operating officer.
Schurz is lead independent director and vice chair of Herschend Enterprises, a privately-owned themed entertainment company. He is an independent board advisor to EBSCO Industries, a holding company in information services, publishing and digital media, manufacturing, distribution, and real estate development and is a member of the University of Notre Dame College of Arts & Letters Advisory Council.
Schurz’s term on the 1st Source boards is through April 2023.
With assets of $7.4 billion, 1st Source Corp. is parent company of 1st Source Bank. It operates 80 banking centers across northern Indiana and southwest Michigan, 15 1st Source Bank Specialty Finance Group locations, eight Trust and Wealth Advisory Services locations and 10 1st Source Insurance offices.