South Bend, IN – 1st Source Bank has been ranked in the top 15th percentile of community banks by Seifried & Brew LLC, a community bank risk management firm. 1st Source was selected from among banks with assets between $100 million and $5 billion.
According to Seifried & Brew, 1st Source “demonstrated exemplary performance of balancing risk and reward based on the bank’s S&B Total Risk/Return Composite Ranking. This is no small feat considering that the bank not only survived the financial crisis, but actually thrived.”
According to Christopher J. Murphy III, Chairman of 1st Source, “We appreciate the national recognition by Seifried & Brew. The acknowledgement is a result of our strong financial performance and it has been achieved by focusing on our mission of helping our clients achieve security, build wealth and realize their dreams. We do so by giving straight talk and sound advice and keeping their best interests in mind.”
1st Source serves the northern half of Indiana and southwest Michigan and is the largest locally controlled financial institution headquartered in the area. While delivering a comprehensive range of consumer and commercial banking services through its community bank offices, 1st Source has distinguished itself with highly personalized services. 1st Source Bank also competes for business nationally by offering specialized financing services for new and used private and cargo aircraft, automobiles for leasing and rental agencies, medium and heavy duty trucks, construction and environmental equipment.
The Corporation includes 76 community banking centers in 17 counties, 9 trust and wealth management locations, 9 1st Source Insurance offices, as well as 22 specialty finance locations nationwide. Celebrating 150 years, 1st Source has a history dating back to 1863. The Bank has a tradition of providing superior service to clients while playing a leadership role in the continued development of the communities it serves.
1st Source may be accessed on its home page at “www.1stsource.com.” Its 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".
Media contact: Angie Dvorak, (574) 235-2000