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1st Source Corporation (SRCE)

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48.43+1.11 (+2.35%)
As of 10:00AM EDT. Market open.

1st Source Corporation

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

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees1,130

Key Executives

NameTitlePayExercisedYear Born
Mr. Christopher J. Murphy IIIPres, CEO & Chairman1.77MN/A1947
Mr. Brett A. BauerSr. VP, CFO & Treasurer310.54kN/A1972
Mr. John B. GriffithExec. VP, Chief Risk Officer, Gen. Counsel & Sec.N/AN/A1958
Ms. Andrea Gayle ShortExec. VPN/AN/A1964
Mr. Jeffrey L. BuhrExec. VP & Chief Credit Officer of 1st Source BankN/AN/A1960
Mr. Lanny ScobyCity Pres of Kalamazoo Market-1st Source BankN/AN/AN/A
Mr. Chris StraffordSr. VPN/AN/AN/A
Mr. Lawrence J. MayersRegional Pres of 1st Source BankN/AN/AN/A
Mr. Christopher L. Craft CFA, CTPPres & COO of Specialty Fin. Group - 1st Source BankN/AN/AN/A
Mr. Greg BrownPres of Specialty Vehicle Division and Pres of Auto/Light Truck DivisionN/AN/AN/A
Amounts are as of December 31, 2021 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 wealth advisory services, and insurance products 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 mortgage loans, and home equity 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 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 construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as 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 1, 2022 is 5. The pillar scores are Audit: 3; 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.