1st Source Bank opened a loan production office on Fort Wayne’s southeast side in August of 2021. Located in the Penta Group’s Minority Entrepreneurial Center at 2513 South Calhoun St., the office will generate loans for businesses, agricultural loans for farmers, consumer loans and mortgages. 1st Source will also provide financial education classes in the Penta Group’s building.
The southeast section of Fort Wayne has struggled economically since the 1980s when businesses such as International Harvester closed, eliminating thousands of good paying manufacturing jobs. In recent years there have been efforts by the city and private industry to pump new life into the area, but those efforts will take time.
Community leaders on the southeast side say the 1st Source Loan Production Office offers new opportunities for businesses and residents. They also believe the financial education classes will be critically important to the area’s overall economic health.