Press Release · Jan 3rd, 2023
Receives SBA Community Bank Gold Level Award for tenth consecutive year
The Indiana District Office of the U.S. Small Business Administration (SBA) recently announced 1st Source Bank has received the “Gold Level Award” in the Community Lender category for the tenth year in a row. The award honors 1st Source Bank for delivering the greatest number of SBA loans in the state of Indiana in 2022 among Community Banks headquartered in Indiana with less than $10 billion in assets.
“We’re immensely proud to receive the SBA Gold Level recognition for the tenth year running, and we’re grateful to our clients for continually trusting in us as their financial partner,” says Ryan Bell, Small Business Market Manager for 1st Source Bank. “We have a hardworking and dedicated team, and each one of them is driven to serve our clients well by their passion to help these businesses succeed. It’s our goal to continue this work and to offer the best advice and solutions to the small businesses we serve well into the future.”
Established in 1953, the U.S. SBA is an independent agency of the federal government helping Americans start, build and grow businesses. 1st Source Bank is designated as a “preferred SBA lender,” which enables the Bank to process SBA loans faster than non-preferred SBA lenders. 1st Source Bank has devoted over 158 years to serving small businesses and maintains a dedicated SBA Department to ensure the highest level of service to our clients.
1st Source Corporation, parent company of 1st Source Bank, has assets of $8.1 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 79 banking centers, 19 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations and 10 1st Source Insurance offices. For more than 155 years, 1st Source has been committed to our mission of helping our clients achieve security, build wealth and realize their dreams. For more information, visit https://www.1stsource.com/.