South Bend-based 1st Source Bank received the U.S. Small Business Administration’s Community Bank Gold Level Award.
This marks the 12th consecutive year the bank has earned top marks in the Community Lender category. The award is focused on community banks with headquarters in Indiana with less than $10 billion in assets. It honors 1st Source Bank for delivering the greatest number of SBA loans in Indiana in 2024.
“The Indiana District Office of the Small Business Administration is proud to recognize 1st Source Bank as our top Community Lender of the Year once again,” said Stacey Poynter, SBA Indiana district director, in a press release. “They have been the recipient of this award every year since its inception in 2013. We recognize their dedication to assisting Indiana’s small businesses.”
Ryan Bell, 1st Source Bank manager of small business banking, said the bank is honored to receive the award again.
“To be chosen consistently is a testament to 1st Source Bank’s unwavering commitment to supporting small businesses in our communities,” Bell said. “We have a dedicated team, and they are committed to living out our mission of helping our clients achieve security, build wealth and realize their dreams.”
1st Source Corp. is the parent company of 1st Source Bank. 1st Source operates 77 banking centers throughout northern Indiana and southwest Michigan. The bank was founded over 160 years ago.
