1st Source (NASDAQ:SRCE), headquartered in South Bend, Indiana, is the holding company for 1st Source Bank, a regional financial institution serving communities across northern Indiana and southwestern Michigan. Founded in 1863, the bank has grown from a single branch into a full-service provider of traditional banking and wealth management solutions, balancing community-focused values with modern technology.
The company operates through several business lines, including consumer banking, commercial banking, trust and asset management, mortgage banking and equipment financing. Consumer services encompass checking and savings accounts, home mortgage and home equity products, and digital banking platforms. Commercial clients can access working capital lines, term loans, treasury management and specialized industry financing, while the bank’s leasing arm provides tailored equipment and vehicle leases.
With more than 70 full-service locations and an array of digital channels, 1st Source supports a diverse array of customers—from individual households to small- and mid-sized businesses and public sector entities. The trust and investment management group offers portfolio management, retirement planning and estate services to high-net-worth clients, and the mortgage division delivers home loan solutions across its Indiana and Michigan footprint.
The organization is guided by an experienced executive leadership team and board of directors, with President and Chief Executive Officer Thomas J. Mohr at the helm. Under their direction, the company emphasizes strategic growth, risk management and community engagement, reinforcing its commitment to regional economic development and long-term shareholder value.
