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1st Source Corporation (SRCE)


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1st Source Corporation

100 North Michigan Street
South Bend, IN 46601
United States
574-235-2000
http://www.1stsource.com

SectorFinancial
IndustryRegional - Midwest Banks
Full Time Employees1,150

Key Executives

NameTitlePayExercisedAge
Mr. Christopher J. Murphy IIIChairman, CEO, Chairman of 1st Source Bank and CEO of 1st Source Bank1.22MN/A70
Mr. James R. SeitzPres, Pres of 1st Source Bank and Director of 1st Source Bank523.63kN/A64
Ms. Andrea G. ShortCFO, Principal Accounting Officer, EVP & Treasurer446.92kN/A54
Mr. John B. GriffithChief Admin Officer, EVP, Gen. Counsel & Sec.485.76kN/A59
Mr. Jeffrey L. BuhrChief Credit Officer of 1st Source Bank and Exec. VP of 1st Source Bank421.83kN/A57
Amounts are as of December 31, 2016 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.

Description

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; 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, treasury 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; 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; and investment advisory services to trust and investment clients. As of February 14, 2017, the company operated through 81 banking centers and 23 specialty finance group locations in the United States. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

Corporate Governance

1st Source Corporation’s ISS Governance QualityScore as of July 1, 2017 is 6. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 4; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.