1st Source Bank Corporation

1st  Source Corporation is a financial institution located in Northern Indiana-Southwestern Michigan.  Their wholly owned mortgage banking subsidiary, Trustcorp Mortgage Company  operates in Indiana and Ohio.  They provide superior service and take an active leadership role in the communities that they serve.  1st Source Corporation was first chartered as First National Bank of South Bend in 1863.  Their mission every since that time has been to build customer wealth.  During the Great Depression First National merged  with several other banks to form First Bank and Trust Company.  Continuing to prosper through the war years  First Bank and Trust Company became 1st Source Corporation in the 1980’s.   Still focused on their mission of building customer wealth, 1st Source has prospered while respecting the individual customer, using teamwork and working together, providing quality service, and being dedicated to community leadership while achieving exceptional customer and stockholder satisfaction.

1st Source Bank Loan Options

1st Source’s personal banking division offers home mortgages, automobile loans, home equity loans, and lines of credit.  The types of mortgages offered are conventional mortgages , both fixed rate and adjustable; FHA loans with both fixed and adjustable rates; VA loans with no down payment and lower interest rates;  a mortgage minimizer loan which features a fixed rate and 26 bi-weekly payments; home equity lines of credit, allowing the home owner to tap into the equity on his home, and home equity term loans for when the homeowner knows just how much he’ll need and prefers a set payment figure.

Christopher J. Murphy III is the Chairman, Chief Executive Officer, President;  Chairman and CEO, 1st Source Bank.  Other key executives are, Wellington D. Jones III, Executive Vice President and Director;  President and COO, 1st Source Bank and Larry E. Lentych , Senior Vice President, Chief Financial Officer and Treasurer 1st Source Corporation and 1st  Source Bank.  With assets totals approximately $3,370 million, and a net income for 2005 of $33.8 million 1st source is a solid company with a Corporate Governance Quotient better than 88.4% of Banks companies.   They employ approximately 1200 people.

1st Source Corporation takes applications in person, on line and has a 24 hour telephone loan application service.  They vow to protect their client’s privacy and safeguard any sensitive personal and financial information by interring into legally-binding confidentiality agreements with service providers and outside companies.  1st Source Corporation is dedicated to making sure the loan you get fits your personal needs.

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