1st Source Corporation
USINFO | 2013-08-21 09:44
 
1st Source Corporation
1st Source Center, Fort Wayne, Indiana
Type Public (NASDAQ: SRCE andSRCEO)
Industry Banking
Founded 1863 (as the First National Bank of South Bend)
Headquarters South Bend, Indiana, USA
Key people Christopher J. Murphy, III
Products Banking
Revenue  US$286 Million (FY 2009)
Net income  US$19.1 Million (FY 2009)
Total assets  US$4.54 Billion (FY 2009)
Total equity  US$570 Million (FY 2009)
Employees 1,350>
Website www.1stsource.com
 
1st Source Corporation is a Great Lakes area bank. It is located in South Bend, Indiana. It was founded in 1863 as theFirst National Bank of South Bend.


Founded in 1863 in South Bend, Indiana, 1st Source has offered clients a convenient and friendly way to bank for 150 years. At 1st Source, they will listen to customers, understand their needs and always keep their best interests in mind.
 
1st Source are a top rated bank and have been recognized for its integrity and the exceptional services  1st Source provide to clients.
 
Nationally Recognized:
• Forbes list of America’s Best Banks – ranked #25 in 2013 based on an analysis of asset quality, capital adequacy and profitability
• 5 Star “Superior” Rating from BauerFinancial – Highest rating possible. Based on capital ratio, profitability/loss trend, credit quality and CRA ratings.
• Named to Bank Honor Roll of Superior Performers by KBW, Inc. in 2012 and 2013
• Bank Director Magazine Nifty Fifty, #24 on 2013 list of best users of capital based on profitability and capital strength
• Top 150 Performing Banks in 2012 by Bank Director Magazine – Ranked #24 based on profitability, capital adequacy and asset size
• Top 15th Percentile of Community Banks by Seifried and Brew

State and Local Honors:
• Awarded Michiana’s ‘Best Bank for Business,’ ‘Best Bank for Attaining a Business Loan’ and ‘Best Bank for Customer Service’ by readers of the Northwest Indiana Business Quarterly Magazine, 2013
• Named top SBA Lender in the state of Indiana by the Small Business Administration for closing the most SBA loans in 2012
• Named ‘Best of the Best’ by readers of the Dowagiac Daily News, Niles Daily Star, Cassopolis Vigilant and Edwardsburg Argus Strong. Stable. Local. Personal.
 
The bank remains the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. 1st Source has $4.64 billion in assets and operates 76 banking centers in 17 counties, 22 1st Source Bank Specialty Finance Group locations nationwide. Trust and Wealth Management locations and nine.

1st Source deliver a comprehensive range of banking services along with highly personalized attention to clients, both individuals and businesses. Its mission is to help clients achieve security, build wealth and realize their dreams.

Community Involvement:
For 150 years, 1st Source Bank has been giving back to the community to actively help build good places to live work and raise families.
 
In 2012, 1st Source donated nearly $1 Million to the community to support education, social welfare and human service efforts, the arts, economic development and community organizations. Additionally, 1st Source employees volunteered over 25,000 hours to more than 300 community organizations. 
 
The Federal Reserve Bank (7th District Federal Reserve Bank of Chicago) is the  regulator.

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