SRCE - 1st Source Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

1st Source Corporation

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

SectorFinancial Services
IndustryBanks—Regional
Full Time Employees1,150

Key Executives

NameTitlePayExercisedYear Born
Mr. Christopher J. Murphy IIIChairman & CEO1.38MN/A1947
Mr. James R. SeitzPresN/AN/A1953
Ms. Andrea Gayle ShortExec. VP, Treasurer, CFO & Principal Accounting OfifcerN/AN/A1963
Mr. John B. GriffithExec. VP, Chief Admin. Officer, Gen. Counsel & Sec.N/AN/A1958
Mr. Jeffrey L. BuhrExec. VP & Chief Credit Officer of 1st Source BankN/AN/A1960
Amounts are as of December 31, 2018 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 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; online and mobile banking products; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. 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 renewable energy 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, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for new and used aircraft, automobiles and light trucks, construction equipment, and medium and heavy duty trucks; and leases construction equipment, various types of trucks, vans, automobiles, motor coaches, shuttle buses, 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 December 31, 2018, the company operated through 80 banking centers in 17 counties in Indiana and Michigan, and Sarasota County in Florida. 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 October 4, 2019 is 6. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 4; Compensation: 5.

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.