South Bend, Ind. (December 21, 2023) – 1st Source Bank is thrilled to announce that they received the top prize in the Community Lender category from the U.S. Small Business Administration (SBA) for the 11th year in a row. The award, focused on Community Banks headquartered in Indiana with less than $10 billion in assets, honors 1st Source Bank for delivering the greatest number of SBA loans in the state of Indiana in 2023.

“The Indiana District Office of the U.S. Small Business Administration began awarding our Community Lender of the Year in 2013,” says Stacey Poynter, SBA Indiana District Director.  “1st Source Bank has been our gold winner every year since the inception of the award by approving the most SBA 7(a) loans for any lender under $10 billion in assets in the entire state of Indiana.  What an outstanding accomplishment and proof of their dedication to growing Indiana’s small businesses.”

“We’re extremely honored to receive the SBA Gold Level award for an eleventh consecutive year,” says Ryan Bell, Small Business Market Manager for 1st Source Bank. “This recognition is a testament to 1st Source Bank’s commitment to supporting businesses in the communities where we live and serve by being a trusted advisor, offering innovative solutions to our clients.”

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 160 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 $8.5 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 and 10 1st Source Insurance offices. For 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/