1st Source Bank ranked among Top 50 Community Banks by S&P Global 2024 - 1st Source

S&P Global Market Intelligence’s Top 50 Community Banks $3B-$10B

South Bend, Ind. (April 9, 2024) – 1st Source Bank is honored to announce that they were ranked 22nd in S&P Global Market Intelligence’s Top 50 Community Banks $3B-$10B in assets. 1st Source welcomes this ranking because S&P Global Market Intelligence places special consideration on the strength and risk profile of banks’ balance sheets in addition to their returns, growth, and funding.

“This ranking is a testament to our team’s enduring commitment to making smart financial decisions for the long term and for always being committed to serving our customers well for generations,” said Chris Murphy, Chairman of 1st Source Bank. “Andrea Short, President and CEO of 1st Source Bank, along with our entire leadership team strive every day to strike the right balance between our performance, finances, and the way we deliver positive results to our clients, shareholders, and colleagues.”

S&P Global Market Intelligence rankings were launched in 2011 to assess the performance of community banks and credit unions, according to their press release: S&P Global Market Intelligence Ranks the Best-Performing U.S. Credit Unions, Community and Public Banks and Community Banks by Region for 2023 | S&P Global Market Intelligence.

A full list of the rankings can be found here: S&P Global Market Intelligence (spglobal.com)

 

1st Source Corporation, parent company of 1st Source Bank, has assets of $8.7 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 78 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices. For more than 160 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/.