The exact page text, read by your browser's voice.
the bank E. M. Morris rescued, in the family's third and fourth hands
The daughter: Ernestine Morris Carmichael Raclin (1927–2023), E. M. Morris's daughter, became chairman of 1st Source Bank — the institution her father had rescued and presided over — and from that chair ran a second career of firsts: among the first women elected to Notre Dame's Board of Trustees (1976), the first woman to run a major Notre Dame fundraising campaign, the first woman in the country to lead a United Way campaign, and the first woman to serve on United Way's national board. She was a founding member of WNIT public television and of the Stanley Clark School, and gave the lead gift — with her daughter Carmi and son-in-law Chris Murphy — for the Raclin Murphy Museum of Art at Notre Dame's entrance, which opened in late November 2023, months after her death at 95.
The son-in-law: Her son-in-law, Christopher J. Murphy III (Notre Dame, class of 1968), stands in the public record as president, chairman, and chief executive of 1st Source Bank. The bank's growth in his tenure is carried by two published accounts that do not agree, and both are printed: the Indiana Bankers Association's citation of September 2025 puts the growth at from $220 million to $9 billion of assets in his tenure, while The CEO Magazine's account of June 2023 puts the starting point at "a little over $100 million." The figures are the bank's, published and dated; no estimate of any living person's wealth appears in this entry, and none exists anywhere in this section.
Sources:
- Notable People — "The civic builders" (Raclin's chairmanship of 1st Source Bank and her firsts; the 1976 trusteeship; the museum lead gift with Carmi and Chris Murphy and its November 2023 opening; her death in 2023, aged 95; Murphy's standing as president, chairman, and chief executive of 1st Source Bank).
- Great Fortunes — "Ernestine Raclin and the Murphy Family" (Part Three) and its conflicts list (the $220 million starting figure, Indiana Bankers Association, 8 September 2025, against "a little over $100 million," The CEO Magazine, 4 June 2023).