1st Source Bank recognized for small business lending across the state

1st Source Bank recognized for small business lending across the state
By: 1st Source Bank Last Updated: January 9, 2020

South Bend, Ind. (January 9, 2020) – At the annual meeting of the Indiana District of the U.S. Small Business Administration (SBA), 1st Source Bank received the “Gold Level Award” in the Community Lender category for the seventh year in a row. The award honors 1st Source Bank for delivering the greatest number of SBA loans in the state of Indiana in 2019 among Community Banks with less than $10 billion in assets. 1st Source Bank also received the inaugural “Rural Lender of the Year Award,” which recognizes the Bank for delivering the greatest number of loans in rural areas of the state.

“Winning the Gold Level Award among Community Banks for a seventh year confirms that our strategic focus toward helping small business clients across Indiana grow and prosper is working,” states James Seitz, 1st Source Bank President. “We’re equally as proud to be the first recipient of the Rural Lender of the Year Award. As a community bank having 70 locations in Indiana towns and cities, we know how important our rural communities are to the state of Indiana, and we’re honored to be recognized for the support we offer to those small businesses.”

Established in 1953, the U.S. SBA is an independent agency of the federal government helping Americans start, build and grow businesses. 1st Source Bank is designated as a “preferred SBA lender,” which enables the Bank to process SBA loans faster than non-preferred SBA lenders. 1st Source Bank has devoted over 156 years to serving small businesses and maintains a dedicated SBA Department to ensure the highest level of service to our clients.

1st Source Bank’s SBA team is led by Ryan Bell who attended the SBA Indiana Lender Award Ceremony and accepted the award on behalf of the Bank.

Suggested photo caption: Ryan Bell (center) accepting award during SBA Indiana Lender Award Ceremony on behalf of 1st Source Bank.

1st Source Corporation, parent company of 1st Source Bank, has assets of $6.69 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 80 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, eight Trust and Wealth Advisory Services locations and ten 1st Source Insurance offices. For more than 155 years, 1st Source has been committed to our mission of helping our clients achieve security, build wealth and realize their dreams. For more information, visit www.1stsource.com.