As the parent company of 1st Source Bank, 1st Source Corporation delivers a comprehensive suite of financial solutions, encompassing commercial and retail ...
Provides a comprehensive suite of consumer deposit accounts including checking, savings, and certificates of deposit (CDs), integrated with digital tools like online and mobile banking.
Price Range: Variable, dependent on account type and balance requirements
Pain Points: Lack of secure liquid storage, difficulty managing daily transactions, and lack of interest-earning potential.
Solutions: Financial security, interest accrual, and convenient payment/transfer capabilities.
Target Users: Individual consumers and families.
Supply Chain
Retail banking infrastructureDigital banking platformsCustomer support centers
Offers various lending options including traditional mortgages, home equity lines of credit, auto loans, and unsecured personal loans to help individuals realize personal financial goals.
Price Range: Market-based interest rates
Pain Points: Inability to fund large capital purchases upfront and high-interest debt burdens.
Solutions: Access to capital for immediate use with structured repayment plans.
Target Users: Individual consumers and homeowners.
Supply Chain
Underwriting servicesCredit bureausLoan servicing systems
Provides trust, investment management, agency, and custodial services, including the administration of estates, personal trusts, and professional portfolio management.
Price Range: Fee-based advisory pricing
Pain Points: Complexity of investment decisions, uncertainty in retirement funding, and tax/estate planning challenges.
Solutions: Customized financial planning, professional asset allocation, and administrative fiduciary oversight.
Target Users: High-net-worth individuals, charitable organizations, and employee benefit plans.
Provides specialized lending and leasing solutions for heavy machinery, construction equipment, light to heavy-duty trucks, aircraft, and other vocational transport equipment.
Price Range: Custom contract pricing
Pain Points: High cost of capital equipment, equipment depreciation risk, and liquidity constraints for business operations.
Solutions: Flexible financing/leasing terms that match the equipment's lifecycle and cash flow generation.
Target Users: Businesses in construction, logistics, transportation, and aviation industries.
Supply Chain
Original equipment manufacturers (OEMs)Equipment dealersCommercial underwriting departments
Supports diverse corporate needs including commercial loans, agricultural financing, real estate loans, treasury management, and accounts receivable financing.
Price Range: Competitive market pricing
Pain Points: Cash flow volatility, lack of operational funding, and complex payment processing requirements.
