1st Source Corporation
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- 1st Source Corporation (SRCE) is a bank holding company for 1st Source Bank, which provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individuals and businesses primarily in northern Indiana and southwestern Michigan; commercial banking includes loans to privately owned businesses, small business loans, agricultural loans, and real estate loans for industrial, commercial, and residential properties; consumer banking offers checking and savings accounts, certificates of deposit, individual retirement accounts, online and mobile banking, consumer loans, real estate mortgages, home equity lines of credit, debit and credit cards, and financial planning services; the Specialty Finance Group provides equipment financing and leasing for construction equipment, new and pre-owned private and cargo aircraft, medium- and heavy-duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, and automobiles nationwide; trust and wealth advisory services include investment management, agency, and custodial services for individual, corporate, and not-for-profit clients; insurance products encompass corporate and personal property, casualty, individual and group health, and life insurance. Founded in 1863 and headquartered in South Bend, Indiana, the company operates banking centers across its core region, Specialty Finance Group locations nationwide, Wealth Advisory Services offices, and 1st Source Insurance branches, positioning it as the largest locally controlled financial institution in northern Indiana and southwestern Michigan. In 2025, 1st Source reported record first quarter results and raised its dividend by 5% to $0.40 per share, declared a cash dividend, and maintained its ranking among the top 50 community banks by S&P Global Market Intelligence, reflecting sustained financial strength amid regional banking operations.
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