1st Source Recognized by Forbes as One of America’s Best Banks
Ranked #25 on prestigious list
SOUTH BEND, Ind. -- January 30, 2013
1st Source Bank has been recognized by Forbes as one of America’s Best Banks
in its annual review of the nation’s 100 largest publicly held financial
institutions. 1st Source ranked #25 on the list based on an analysis of asset
quality, capital adequacy and profitability. 1st Source ranked higher than any
other bank based in Indiana or southwestern Michigan.
“I’m very pleased that Forbes has named 1st Source one of the best banks in
the country,” said Christopher J. Murphy III, Chairman and CEO of 1st Source.
“Our success is due to the excellent, personal service my colleagues provide
to our clients each and every day. At 1st Source, we are committed to being
distinctively convenient, providing straight talk and sound advice to our
clients, and always keeping their best interests in mind.”
To rank the nation’s best banks, Forbes used data collected by SNL Financial.
SNL gauged each bank based on eight criteria: return on average equity, net
interest margin, nonperforming loans; nonperforming assets; reserves; a
leverage ratio and two capital ratios. The data is based on regulatory filings
of public banks and thrifts through the third quarter of 2012.
1st Source Corporation, parent company of 1st Source Bank, has assets of $4.55
billion and is the largest locally controlled financial institution
headquartered in the northern Indiana-southwestern Michigan area. The
Corporation includes 76 banking centers in 17 counties, 22 1st Source Bank
Specialty Finance Group locations nationwide, nine Trust and Wealth Management
locations and nine 1st Source Insurance offices.
1st Source common stock is traded on the NASDAQ Global Select Market under
“SRCE” and appears in the National Market System tables in many daily
newspapers under the code name “1st Src.” For 150 years, 1st Source has been
committed to the success of the communities it serves. For more information,
1st Source Bank
Angie Dvorak, 574-235-2128
Press spacebar to pause and continue. Press esc to stop.