1st Source Donates $20,000 for Reading Program in South Bend Schools

South Bend, IN – 1st Source Bank has donated $20,000 to the South Bend Education Foundation to help fund a reading program in eight primary schools in South Bend, including Darden, Hamilton, McKinley, Monroe, Nuner, Swanson, Tarkington and Warren.   Jim Seitz, 1st Source Executive Vice President, presented the donation to Sy Barker, President-Elect of the South Bend Education Foundation and Susan Warner, Executive Director.
“1st Source recognizes the importance of teaching kids to read at an early age,” said Seitz.  “We’re excited to partner with South Bend schools on this program and look forward to the impact it will have on students for years to come.”
The donation will assist with the training and mentoring of 113 teachers from kindergarten through second grade. Once fully implemented, the program is expected to increase the number of successful readers in South Bend schools and reduce the number of students who do not pass the ISTEP or graduate from high school.
“Student progress in reading is reflected in the state ISTEP scores and our partners are a big part of the annual increases being reflected at every elementary school,” said Warner. “Thank you to 1st Source for looking to the future and donating to the reading training program.”
1st Source Corporation, parent company of 1st Source Bank, has assets of $4.49 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 75 banking centers in 17 counties, 23 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Management locations and nine 1st Source Insurance offices.
1st Source common stock is traded on the NASDAQ Global Select Market under “SRCE” and appears in the National Market System tables in many daily newspapers under the code name “1st Src.” Since 1863, 1st Source has been committed to the success of the communities it serves.  For more information, visit
Media contact: Angie Dvorak, (574) 235-2000