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    1st Source Corporation (SRCE)

    34.74 May 2, 4:00PM EDT
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    1st Source Corporation
    100 North Michigan Street
    South Bend, IN 46601
    United States - Map
    Phone: 574-235-2000
    Website: http://www.1stsource.com

    Index Membership:N/A
    Industry:Regional - Midwest Banks
    Full Time Employees:1,150

    Business Summary 

    1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; and individual retirement accounts; on-line and mobile banking products; automated teller machine services; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition financing; and commercial leasing, cash management, and retirement planning services. In addition, it provides a range of trust, investment, agency, and custodial services comprising 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, the company offers equipment loan and lease finance products for auto and light trucks, medium and heavy duty trucks, new and used general aviation aircraft, and construction equipment, as well as leases construction equipment, medium and heavy duty trucks, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services to individuals and businesses; and investment advisory services to trust and investment clients. The company operates through 81 banking center locations in 17 counties in Indiana and Michigan; and 22 locations for specialized financing services in the United States. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

    Key Statistics

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    Corporate Governance 
    1st Source Corporation’s ISS Governance QuickScore as of May 1, 2016 is 4. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 4; Compensation: 6.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Christopher J. Murphy III, 69
    Chairman, Chief Exec. Officer, Member of Exec. Committee, Chairman of 1St Source Bank and Chief Exec. Officer of 1St Source Bank
    Mr. James R. Seitz , 63
    Pres, Pres of 1st Source Bank and Director of 1st Source Bank
    Ms. Andrea G. Short , 53
    Chief Financial Officer, Exec. VP, Treasurer, Chief Financial Officer of 1st Source Bank, Exec. VP of 1st Source Bank and Treasurer of 1st Source Bank
    Mr. John B. Griffith , 58
    Chief Admin. Officer, Exec. VP, Gen. Counsel, Sec., Chief Admin. Officer of 1St Source Bank, Exec. VP of 1St Source Bank, Gen. Counsel of 1St Source Bank and Sec. of 1St Source Bank
    Mr. Steven James Wessell ,
    Exec. VP of 1st Source Bank
    Amounts are as of Dec 31, 2015 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.
    Currency in USD.
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