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Home > Company Index > Banking > Banking - Midwest > 1st Source Corporation

1st Source Corporation
Nasdaq: SRCE
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 PROFILE
1st Source Corporation owns 1st Source Bank, which operates some 50 branches in northern Indiana and southwestern Michigan. The bank targets individual and local business customers, offering such standard retail services as checking and savings accounts and CDs. Commercial equipment loans account for about 45% of 1st Source's loan portfolio, while real estate mortgages account for almost 30%. The bank also writes other commercial and consumer loans. Subsidiaries offer such services as leasing, insurance, investment, trust, and transportation finance. Ernestine Raclin, chairman emeritus and mother-in-law of chairman and CEO Christopher Murphy, owns about 30% of the company.

 COMPETITION
KeyCorp (KEY)
National City Corporation (NCC)
Wells Fargo & Company (WFC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 309.30
1-Yr. Sales Growth: 17.3%
Employees: 1,070
Revenue per employee: $289,065.42

 KEY PEOPLE
• Christopher J. Murphy
    CEO
• Larry E. Lentych
    CFO

 CONTACT INFO
100 N. Michigan St.
South Bend, IN 46601
US
Phone: 219-235-2000
Fax: 219-235-2882
Online: Web Site

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