Receives SBA Community Bank Gold Level Award for 12th consecutive year

South Bend, Ind. (March 20, 2025) – 1st Source Bank has received the top prize in the Community Lender category from the U.S. Small Business Administration (SBA) for the 12th 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 2024.

“The Indiana District Office of the Small Business Administration is proud to recognize 1st Source Bank as our top Community Lender of the Year once again,” said Stacey Poynter, SBA Indiana District Director. “They have been the recipient of this award every year since its inception in 2013. We recognize their dedication to assisting Indiana’s small businesses.”

“We’re honored to receive the SBA Gold Level award for the 12th year in a row,” said Ryan Bell, Manager of Small Business Banking at 1st Source Bank. “To be chosen consistently is a testament to 1st Source Bank’s unwavering commitment to supporting small businesses in our communities. We have a dedicated team, and they are committed to living out our mission of helping our clients achieve security, build wealth, and realize their dreams.”

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 more than 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 $8.9 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 77 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.