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1st Source Corporation (SRCE)At 10:32AM ET: 16.67  Down 0.03 (0.18%)  
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1st Source Corporation
100 North Michigan Street
South Bend, IN 46601
United States - Map
Phone: 574-235-2000
Fax: 574-235-2297
Web Site: http://www.1stsource.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:1,280

BUSINESS SUMMARY 
1st Source Corporation operates as the holding company for 1st Source Bank that offers consumer and commercial banking services to individuals and businesses primarily in Indiana and Michigan. The company’s consumer banking services include checking accounts, telephone banking, savings programs, installment and real estate loans, home equity loans, lines of credit, drive-through and night deposit services, safe deposit facilities, automated teller machines, overdraft facilities, debit and credit card services, financial literacy seminars, and brokerage services, as well as on-line banking, including payment services. It offers commercial, small business, agricultural, and real estate loans for various general corporate purposes, including industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition financing; and commercial leasing and cash management services. In addition, the company provides trust, investment, agency, and custodial services, including the administration of estates and personal trusts for individual, corporate, and not-for-profit clients; and manages investment accounts for individuals, employee benefit plans, and charitable foundations. Further, its Specialty Finance Group provides equipment loan and lease finance for auto and light trucks, environmental equipment, medium and heavy duty trucks, new and used aircraft, and construction equipment; and leases construction equipment, trucks, and other equipment. Additionally, the company offers corporate and personal property, casualty insurance, and individual and group health and life insurance products and services; and investment advisory services to trust and investment clients. As of December 31, 2008, it operated 79 banking center locations in 17 counties in Indiana and Michigan; and 24 locations of its Specialty Finance Group in the United States. The company was founded in 1962 and is headquartered in South Bend, Indiana.
Key Statistics

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    CORPORATE GOVERNANCE 
    1st Source Corporation's Corporate Governance Quotient (CGQ®) as of 1-Jul-09 is better than 79.6% of Russell 3000 companies and 88.3% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Christopher J. Murphy III, 62
    Chairman, Chief Exec. Officer, Pres, Member of Exec. & Governance Committee, Chairman of 1st Source Bank and Chief Exec. Officer of 1st Source Bank
    N/A N/A
    Mr. Lawrence Edward Lentych , 62
    Chief Financial Officer, Principal Accounting Officer, Sr. VP, Treasurer, Chief Financial Officer of 1st Source Bank, Sr. VP of 1st Source Bank and Treasurer of 1st Source Bank
    $ 241.00K $ 84.00K
    Mr. Wellington D. Jones III, 64
    Exec. VP, Director, Pres of 1st Source Bank and Chief Operating Officer of 1st Source Bank
    $ 412.00K $ 38.00K
    Mr. Richard Q. Stifel , 67
    Chief Credit Officer of 1st Source Bank and Exec. VP of Loan Services Group for 1st Source Bank
    $ 271.00K $ 134.00K
    Mr. John B. Griffith , 51
    Sr. VP, Sec., Gen. Counsel, Sr. VP of 1st Source Bank, Sec. of 1st Source Bank and Gen. Counsel of 1st Source Bank
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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