1st Source Corporation is a bank holding company that provides, through its subsidiaries, an array of financial products and services. The Company’s banking subsidiaries, 1st Source Bank and First National Bank, Valparaiso (First National ), offer commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through most of 83 banking center locations in 17 counties in Indiana and Michigan. On December 31, 2007, the Company had total loans and leases of $3.19 billion and deposits of $3.47 billion. The company was founded in 1962 and is headquartered in South Bend, Indiana.
On December 9, 2008 1st Source announced its intention to participate in the Treasury Department’s Capital Purchase Program. The company is expected to seek $111 million under the Treasury program.
Resources
Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles
Bailout Bank Bio: 1st Source Corporation
|
Federal Equity Investment |
|
|
Total Revenue |
$327.3 million (2007) |
|
Net Income |
$30.54 million (2007) |
|
Number of Employees |
1,350 |
|
Corporate Headquarters |
South Bend, Indiana |
|
Business Sector |
Banking |
|
Officers and Directors |
Murphy, Christopher, Chairman of the Board, President, Chief Executive Officer |
|
Corporate Website |
|
|
Executive Compensation |
No federal contracts located.
No lobbying records located.
Center for Responsive Politics (last accessed 01-27-2009)
December 9, 2008 1st Source Approved For $111 Million Under Treasury Program (Tradingmarkets.com)
October 24, 2008 Operating income higher at 1st Source (Greater Fort Wayne Business Weekly)
October 23, 2008 1st Source Announces Dividend Increase, Third Quarter Profits (International business Times)
Last Updated January 27, 2009
Get Social