Latest news with #1stSourceBank
Yahoo
20-05-2025
- Business
- Yahoo
1st Source Announces Promotion of Brian Duba to General Counsel and Secretary
South Bend, Indiana--(Newsfile Corp. - May 20, 2025) - 1st Source Corporation, (NASDAQ: SRCE) along with Chairman and CEO Christopher J. Murphy III are pleased to announce the Board of Directors' promotion of Brian Duba to General Counsel and Secretary of 1st Source Corporation and 1st Source Bank. Mr. Duba will retain his officer status of Senior Vice President and will now have responsibility for managing all legal affairs of the company, maintaining positive and open relationships with federal and state regulatory agencies, and providing legal advice and guidance to the senior management team. Mr. Duba has served 1st Source as Deputy General Counsel since September of 2024. He graduated from the University of Kentucky with a B.S. in accounting and went on to achieve his J.D. from the University of Kentucky College of Law. He joined 1st Source from a large financial institution and has broad legal experience in banking, industrial production, real estate, and in private practice as a corporate attorney. He has served clients on a wide range of corporate governance, securities, transactional, real estate, and compliance issues. "Brian has distinguished himself since joining the Bank last fall," said Chris Murphy, Chairman and Chief Executive Officer of 1st Source Corporation and Chairman of 1st Source Bank. "He has served his colleagues well with an urgency in the work he does and a thoughtful and thorough approach to questions and issues. His wide-reaching legal expertise pairs well with his background and experience and he will do an excellent job leading our legal initiatives for the long term." His new role will extend to providing legal support for the Bank's personal and commercial deposit, treasury, loan, and lease offerings, along with retirement plan services, and both personal and commercial insurance products and services. Mr. Duba will also have responsibilities for corporate governance, securities compliance regulatory affairs, including State and Federal exam management, human resource matters, contracts with vendors and other third-parties, litigation management and law enforcement inquiries. "Brian has been a welcome addition to our legal team, given his wide range of legal experience and commitment to our mission," said John Griffith, Executive Vice President and Chief Risk Officer of 1st Source Bank and 1st Source Corporation. "I was pleased to recommend Brian's promotion to our CEO and the Board of Directors and believe that he will do an outstanding job serving our organization with expertise and diligence in the years to come." Previously in the role of General Counsel and Secretary, John Griffith will remain at 1st Source Bank and 1st Source Corporation retaining his status of Executive Vice President and Chief Risk Officer. Mr. Griffith will focus his time on ensuring the Bank's risk management, infrastructure, governance, and oversight functions will meet the expectations of our bank regulators and our needs in the years ahead. This includes Mr. Griffith continuing to have overall executive responsibility for our legal, loan review, compliance, BSA/AML, risk and Community Re-investment Act functions. Brian Duba, General Counsel and Secretary of 1st Source Corporation and 1st Source Bank To view an enhanced version of this graphic, please visit: 1st Source Corporation, parent company of 1st Source Bank, has assets of $9.0 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 78 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices. For more than 160 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 ### Contact: Hannah Nichols NicholsHa@ SOURCE STRING: 1st Source Corporation To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
27-02-2025
- Business
- Globe and Mail
1st Source Bank Named One of America's Best Banks by Forbes
Ranked #26 in Top 100 U.S. Banks South Bend, Indiana--(Newsfile Corp. - February 27, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were once again named to Forbes' America's Best Banks list, taking the 26 th spot out of 100. According to Forbes, they look at "10 metrics measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025." 1st Source is one of only three banks in Indiana to make this year's list. "We are honored to receive recognition as one of America's Best Banks for the second year in a row," said Andrea Short, President and CEO of 1st Source Bank and President of 1st Source Corporation. "To rank number 26 on such a prestigious list of competitors is a testament to our colleagues' commitment to living out our mission to help our clients achieve security, build wealth, and realize their dreams. I am proud of our long history of serving our clients well while reinforcing our stability as a financial institution in the areas of growth, credit quality and performance." The 16 th annual America's Best Banks list is compiled from analyzing the 200 largest publicly traded U.S. banks and thrifts by assets. Forbes lists the 10 equally-weighted financial metrics as "net interest margin; return on average tangible common equity; return on average assets; CET1 ratio; efficiency ratio; nonperforming assets as a percentage of total assets; reserves as a percentage of total assets; risk-based capital ratio; operating revenue growth; and net charge-offs as a percentage of total loans." While S&P Global Market Intelligence provides the data, the rankings are done separately by Forbes. The entire list can be viewed here: Forbes 2025 America's Best Banks. America's Best Banks To view an enhanced version of this graphic, please visit: 1st Source Corporation, parent company of 1st Source Bank, has assets of $8.9 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 77 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices. For more than 160 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 ### Contact: Hannah Nichols NicholsHa@ 574-235-2128
Yahoo
09-02-2025
- Yahoo
Police: Florida man defrauded Middlebury woman by posing as bank
MIDDLEBURY — A Florida man is accused of defrauding a woman in Middlebury by posing as her bank. Deion Henry, 21, of Oakland Park, Florida, is charged with fraud as a Level 6 felony in court documents filed Wednesday. Police say he tricked a woman into sending him $800 by claiming to be from her bank. According to court documents: Middlebury Police responded to the town's 1st Source Bank on April 25 for a report of fraud on a client. The assistant manager and the victim told police that she had received a series of texts and calls the day before from an individual claiming to be from the bank. The caller told her to withdraw a total of $800 and send it via money order to repay an amount that was used from her account at a Walmart in Georgia. The victim told police that she sent the money and handed over receipts to verify each transaction. The victim said she became suspicious that the caller didn't actually work for the bank when he then told her to send more money via the cash app Zelle. Police say the number used to call the victim was registered to an owner that was not 1st Source Bank, but that redirected to the bank's customer service line when called. Police believe the suspect used a phone number spoofing program to clone the number. The Zelle account pointed to Henry based on having a Fort Lauderdale-area IP address and registration information. Police say they obtained a Gmail address and used a search warrant to connect it to Henry.
Associated Press
04-02-2025
- Business
- Associated Press
1st Source Bank Joins U.S. Faster Payments Council
South Bend, Indiana--(Newsfile Corp. - February 4, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that it has joined the U.S. Faster Payments Council (FPC). This industry-led membership organization is helping to shape the future of the U.S. national payment system. It was created so Americans can safely and securely pay anyone, anywhere, at any time with near-immediate funds availability. Additionally, it focuses on the larger goals of safety, security and adoption of all faster payments. This is not the first time that 1st Source Bank has stepped up as a leader in the instant payment space. 1st Source was one of the first banks to adopt the innovative FedNow Service at its launch in July 2023 with both send and receive capabilities for clients. FedNow, developed by the Federal Reserve, allows eligible depository institutions to provide instant payment services. Additionally, the Bank has been using the Real-time Payments (RTP®) platform from The Clearing House since March 2023. Now, with the addition of the FPC membership, 1st Source brings valuable insights to the table while putting themselves in a position to be on the cutting edge of faster payment technology information. '1st Source Bank takes pride in our leadership role in the instant payment space, and we are excited about joining the Faster Payments Council,' said Andrea Short, President & CEO of 1st Source Bank, and President of 1st Source Corporation. 'Our dedication to innovation will be bolstered by the diverse perspectives of this group of organizations as we tackle the complex intricacies of faster payments in the United States.' 'The Faster Payments Council is thrilled to have 1st Source Bank join as a member,' said Reed Luhtanen, Executive Director of the U.S. Faster Payments Council. '1st Source's commitment to improvement, modernization and collaboration in the instant payment space aligns well with the FPC's mission of making faster payments a reality for all in the United States. We welcome their expertise in the financial sector, and their knowledge of the FedNow Service and the instant payment space as a whole.' 1st Source Corporation, parent company of 1st Source Bank, has assets of $8.9 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 77 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices. For more than 160 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 ### Contact: Hannah Nichols 574-235-2128
