1st Source Overview

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment.
The staff at 1st Source come from unusually diverse demographic backgrounds. The company is 67.8% female and 29.1% ethnic minorities. 1st Source employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 52.6% of employees identifying as members of the Republican Party. Despite their political differences, employees at 1st Source seem to be happy. The company has great employee retention with staff members usually staying for 3.8 years. The average employee at 1st Source makes $39,565 per year. Pay at 1st Source is significantly lower than some of its highest paying competitors, like First American Bank & Trust, Bank of America, and KeyBank, which pay $64,572, $56,114, and $52,917, respectively.
A large finance company with 1,150 employees and an annual revenue of $261.6M, 1st Source is headquartered in Indiana.

The Organization’s Mission

To help our clients achieve security, build wealth and realize their dreams.

Perks of Working at 1st Source

Valuing their employees and their families, 1st Source Bank gives them healthcare benefits such as medical, dental, and vision to eligible colleagues and their dependents.

Industry

Financial Services

Revenue

$261.6M

Employees

1,150

Founded in

1863

Headquarters

South Bend, IN

Website

1stsource.com

Organization Type

Public

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The Team At 1st Source

Key People

    Lesley Marben (Senior Talent Acquisition Specialist/Human Resources Officer)

    Sara Jenning (Assistant Vice President, Public Relations And Corporate Communications)

    Melissa Collins (SVP, Marketing And Strategic Planning)

    James Seitz (president)

    Laurence Bauer (Vice President - Marketing)

    Dan Lifferth (Senior Vice President, Chief Human Resource Officer)

The Inside Scoop
1st Source Bank has been providing its clients a convenient and friendly way to bank for over 150 years. This trusted company always aims to listen to their clients, understand their needs and always keep their best interests in mind. 1st Source Bank is a top-reated bank that is recognized for their integrity and exceptional service. They offer personal checking, consumer loans, mortgage loans and personal insurance coverage.
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The Culture At 1st Source

Information provided by the company
We are seeking professionals who are ambitious, friendly, and outgoing and looking to work within a company that demonstrates honesty, integrity and respect to all employees. We are committed to creating a diverse team whose strengths improve our ability to serve our customers.
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Represents the bank in local community and professional organizations..

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1st Source Rankings

1st Source is ranked #31 on the Best Finance Companies to Work For in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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1st Source Salaries

How much does 1st Source pay?
The national average salary for a 1st Source employee in the United States is $39,608 per year. Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $22,000 per year.
7.0
Salary Score
Average Employee Earnings

1st Source Salaries By Job Title

While 1st Source employees earn an average yearly salary of $39,608, different roles can command different wages.

Some of the positions that earn high wages at 1st Source include senior auditor, finance officer, finance analyst, and portfolio administrator.

A worker with the title senior auditor salary at 1st Source can earn an average yearly salary of $77,165.

Other roles at 1st Source include cashier and teller. A cashier at 1st Source earns an average yearly salary of $22,445.

1st Source Careers

On average, employees at 1st Source stay with the company for 3.8 years. Employees most commonly join 1st Source after leaving Wells Fargo. When they leave 1st Source, they most frequently get their next job at Fifth Third Bank.

Average Length of Employment

1st Source

3.8 years
FirstBank3.6 years
Top Employers Before 1st Source
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Top Employers After 1st Source
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1st Source Employee Demographics

9.3
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

1st Source Employees Education

Of the 1,150 employees at 1st Source, 28.5% attended Indiana University South Bend. Employees at 1st Source most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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1st Source Financial Performance

6.5
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1863

Organization type

Public

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1st Source Competitors

Based on our research, similar companies to 1st Source are First American Bank & Trust, Bank of America, and KeyBank.

Employees at First American Bank & Trust earn more than most of the competition, with an average yearly salary of $62,484.

The employees at Bank of America earn an average yearly salary of $55,844 per year, and the salaries at KeyBank average $52,766 per year.

Frequently Asked Questions about 1st Source

How many Employees does 1st Source have?

1st Source has 1,150 employees.

How much money does 1st Source make?

1st Source generates $261.6M in revenue.

What industry is 1st Source in?

1st Source is in the financial services industry.

What is 1st Source's mission?

1st Source's mission statement is "To help our clients achieve security, build wealth and realize their dreams."

What type of company is 1st Source?

1st Source is a public company.

Who are 1st Source's competitors?

1st Source competitors include FirstBank, First Citizens BancShares, Commerce Bancshares, Old National Bank, Fulton Financial, First Busey, Fifth Third Bank, Bank of America, KeyBank, First Commonwealth Financial, Citizens Business Bank, Banco Popular de Puerto Rico, United Bank, First United Bank and Trust Company, Mercantile Bank, Republic Bank, Veridian Credit Union, The Community Bank, First American Bank & Trust, Washington Trust Bank.

Who works at 1st Source?

Lesley Marben (Senior Talent Acquisition Specialist/Human Resources Officer)

Sara Jenning (Assistant Vice President, Public Relations And Corporate Communications)

Melissa Collins (SVP, Marketing And Strategic Planning)

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Where is 1st Source's headquarters?

1st Source's headquarters is in South Bend, IN.

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Updated May 18, 2020

Zippia gives an in-depth look into the details of 1st Source, including salaries, political affiliations, employee data, and more, in order to inform job seekers about 1st Source. The employee data is based on information from people who have self-reported their past or current employments at 1st Source. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of 1st Source and its employees or that of Zippia.

1st Source may also be known as or be related to 1ST SOURCE INSURANCE, 1st Source, 1st Source Bank, 1st Source Corporation and 1st Source Insurance.