About 1st Source Bank
1st Source Bank is a company based in South Bend (United States) founded in 1863.. The company has 1,210 employees as of December 31, 2024. 1st Source Bank has completed 3 acquisitions, including Kitsap Bank, Northwest Commercial Bank and Washington Banking Company. 1st Source Bank offers products and services including Checking Accounts, Savings Accounts, Personal Loans, Business Loans, and Mortgages. 1st Source Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter South Bend, United States
- Employees 1210 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 1St Source Corporation
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Annual Revenue
$600 M0as on Dec 31, 2025
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Net Profit
$158.28 M0as on Dec 31, 2025
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
1210
as on Dec 31, 2024
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Investments & Acquisitions
Kitsap Bank
& 2 more
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IPO & Listings of 1st Source Bank
1st Source Bank is a publicly listed company on the NASDAQ with ticker symbol SRCE in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of 1st Source Bank
1st Source Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Personal Loans, Business Loans, and Mortgages. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for managing everyday transactions and payments.
Accounts for earning interest on deposited funds.
Loans for individual financial needs like purchases.
Loans to support business operations and growth.
Home loans for purchasing or refinancing properties.
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Leadership Team
25 people
Software Development Team
6 people
Finance and Accounting
3 people
Sales and Marketing
3 people
Human Resources and Administration
3 people
Investment Team
2 people
Legal and Compliance
2 people
Branch Team
2 people
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Funding Insights of 1st Source Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by 1st Source Bank
1st Source Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Kitsap Bank, Northwest Commercial Bank and Washington Banking Company. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial banking services are offered in the United States.
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2002 | ||||
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Commercial banking services are provided to businesses and individuals.
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1961 | ||||
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Commercial banking services are provided in the United States.
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1908 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 1st Source Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
1St Source Bank Comparisons
Competitors of 1st Source Bank
1st Source Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 1St Source Bank
Frequently Asked Questions about 1st Source Bank
When was 1st Source Bank founded?
1st Source Bank was founded in 1863.
Where is 1st Source Bank located?
1st Source Bank is headquartered in South Bend, United States. It is registered at South Bend, Indiana, United States.
How many employees does 1st Source Bank have?
As of Dec 31, 2024, the latest employee count at 1st Source Bank is 1,210.
What is the annual revenue of 1st Source Bank?
Annual revenue of 1st Source Bank is $600M as on Dec 31, 2025.
What does 1st Source Bank do?
1st Source Bank was established in 1863 and is headquartered in South Bend, United States. Operations are focused on commercial banking within the financial sector, where deposit accounts, loans, and treasury management services are offered to businesses and individuals. Regional branches support community-based activities, with emphasis placed on Midwest markets. Wealth advisory and trust services are also extended to clients.
Who are the top competitors of 1st Source Bank?
What products or services does 1st Source Bank offer?
1st Source Bank offers Checking Accounts, Savings Accounts, Personal Loans, Business Loans, and Mortgages.
Is 1st Source Bank publicly traded?
Yes, 1st Source Bank is publicly traded on NASDAQ under the ticker symbol SRCE.
How many acquisitions has 1st Source Bank made?
1st Source Bank has made 3 acquisitions, including Kitsap Bank, Northwest Commercial Bank, and Washington Banking Company.
What is 1st Source Bank's ticker symbol?
The ticker symbol of 1st Source Bank is SRCE on NASDAQ.