1st Source Bank has announced that it will donate $50,000 to support entrepreneurship and venture development in northwest Indiana. The donation to Elevate Ventures, an Indiana venture development organization, will help the organization provide rigorous business analysis and robust advisory services to area entrepreneurs and early-stage companies.
The bank’s donation to Elevate Ventures will be matched by a total of $3 million in investments from the Indiana Economic Development Corporation and other area businesses and institutions. 1st Source will also direct contributions for efforts in the South Bend and Fort Wayne areas.
“1st Source is supportive of efforts to promote entrepreneurship and venture development in northwest Indiana,” said Bob Ax, 1st Source Regional President. “We’re glad to make this investment in our community and look forward to watching local entrepreneurs build and expand their businesses.”
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 www.1stsource.com
Media contact: Angie Dvorak, (574) 235-2000