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1st Source
-6.99%
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It was founded in 1863 and is currently one of the largest locally controlled financial institutions in the United States. The company offers a wide range of financial products and services, including personal and business banking, wealth management, and insurance. 1st Source operates more than 80 banking centers and 20 wealth advisory offices throughout Indiana, Michigan, and Ohio. It is known for its strong commitment to providing exceptional customer service and its community involvement through volunteerism and financial support. 1st Source Corporation is publicly traded on the NASDAQ stock exchange under the symbol "SRCE." As of 2021, the company has over 1,200 employees and reported assets of $8.3 billion.
1st Source is a bank holding and financial services company that was founded in 1863, making it one of the oldest financial institutions in the United States. It has been recognized as one of the most financially sound and successful banks in the country and has consistently received high ratings from independent rating agencies.
Additionally, 1st Source takes pride in its commitment to its customers and communities. The company focuses on building strong customer relationships and providing innovative and personalized financial solutions. It also prioritizes giving back to the communities it serves through various philanthropic initiatives and volunteer work.
1st Source is also known for its strong corporate culture and commitment to employees. It has been included in several lists of top workplaces and has a reputation for valuing and investing in its employees' development and well-being.
Overall, the long-standing history, financial stability, customer-centered approach, community involvement, and positive corporate culture make 1st Source a special and trusted company in the financial services industry.
1st Source Company is a financial service company that operates under a community banking business model. This means that it primarily caters to the financial needs of individuals, businesses, and organizations within a specific local community or region. The company offers a wide range of financial products and services, including personal and business banking, wealth management, insurance, and trust and investment services.
The key elements of 1st Source's community banking business model include:
1. Personalized and Localized Service: 1st Source focuses on building personal relationships with its customers and understanding their unique financial needs. It operates through a network of local branches and employs customer service representatives who are familiar with the local community and its needs.
2. Diversified Product Offerings: The company offers a comprehensive range of financial products and services to cater to the diverse needs of its customer base. This includes checking and savings accounts, loans and mortgages, investment management, insurance, and more.
3. Strong Credit Culture: 1st Source has a strong credit culture, which means it carefully evaluates and manages credit risk to maintain a healthy loan portfolio. This allows the company to offer competitive interest rates and attract new customers while maintaining a stable customer base.
4. Community Involvement: As a community bank, 1st Source values its role in supporting and contributing to the growth and development of the communities it serves. The company participates in various philanthropic activities and encourages its employees to volunteer and support local organizations and initiatives.
5. Technology-Driven Innovation: 1st Source uses technology to enhance its customer experience and improve its operational efficiency. This includes offering online and mobile banking services, digital solutions for wealth management, and other technology-based tools for businesses and organizations.
Overall, 1st Source's business model focuses on providing personalized and localized financial services to its customers while being a responsible and active member of the community it serves.
name are:
1. The company was founded in 1863 as the First National Bank of South Bend, making it one of the oldest banks in the United States.
2. The name 1st Source was chosen in 1987 to reflect the bank’s commitment to being the first and best source for financial services in its communities.
3. 1st Source Bank currently has over 80 banking center locations throughout Indiana and Michigan.
4. In 2006, 1st Source Corporation was named as one of Forbes’ 100 Most Trustworthy Companies in America.
5. In 2009, 1st Source Bank was the first financial institution in Indiana to receive the highest Outstanding rating from the Community Reinvestment Act Performance Evaluation.
6. The company’s logo, a blue and gold sphere with the tagline Your 1st Source for Banking Solutions, was redesigned in 2003 to reflect its commitment to personalized and customer-focused services.
7. 1st Source Bank has been recognized as a top employer by various publications, including Forbes, American Banker, and Northwest Indiana Business Quarterly.
8. The company is a strong supporter of community involvement and has contributed millions of dollars to various organizations and causes in its areas of operation.
9. 1st Source has expanded its services beyond traditional banking to include trust and wealth management, insurance, and mortgage services.
10. In 2016, 1st Source Corporation celebrated its 150th anniversary, marking over a century and a half of commitment to its customers and communities.
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