South Bend, IN – 1st Source Bank and its philanthropic arm, 1st Source Foundation, have donated more than $840,000 to community organizations in 2010. The donations have benefited educational, social, cultural and civic organizations in the communities served by the bank.
Additionally, in 2010, 1st Source employees volunteered more than 25,000 hours to more than 375 non profit organizations in our community, including Habitat for Humanity, the American Cancer Society, the YMCA and the March of Dimes.
Major donations from 1st Source in 2010 include $100,000 to the Saint Mary’s College Capital Campaign, $30,000 to South Bend Area Crime Stoppers to be used for future rewards, $25,000 to the Community Hospital of Bremen to assist with the hospital’s digital mammography upgrade, $25,000 toward the renovation of the Lerner Theatre in downtown Elkhart and $10,000 to Boy Scouts of America, Sagamore Council. Substantial underwriting was also given to Ivy Tech Warsaw, the Apprentice Academy, Innovation Park at Notre Dame, WNIT Public Television, Purdue North Central, St. Vincent de Paul, Goodwill Industries and Southwest Michigan College among others.
1st Source Bank and its employees donated more than $250,000 in 2010 to the 15 United Way offices in communities served by the bank. The donations will assist the United Way in fulfilling its mission of improving lives within our community.
1st Source Corporation, parent company of 1st Source Bank, has assets of $4.53 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes over 75 banking centers in 17 counties, 22 1st Source Bank Specialty Finance Group locations nationwide, seven Trust and Wealth Management locations and seven 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 www.1stsource.com
Media Contact: Angie Dvorak, (574) 235-2000