1st Source Named One of the Top 1,000 Banks in the World

1st Source Named One of the Top 1,000 Banks in the World

Ranked #38 in U.S. for Soundness

SOUTH BEND, Ind.--(BUSINESS WIRE)-- 1st Source Bank has been named one of the top 1,000 banks in the world for 2013 according to rankings by The Banker magazine. 1st Source ranked #859 on the prestigious global list and #129 on the U.S. list, which recognized only 167 of the more than 7,000 banks in the U.S.

In its review of bank soundness, The Banker ranked 1st Source the #38 soundest bank in the country. An analysis of capital-to-asset ratios was used in this ranking. 1st Source also ranked #132 in the U.S. based on asset size, #76 in the U.S. in pre-tax profits, #68 in the U.S. in performance rankings and #39 in the U.S. for return on assets.

According to Christopher J. Murphy III, Chairman and CEO, "I am very pleased with our ranking as one of the top banks in the world and one of the soundest in our country. Since 1863, we've been committed to offering outstanding client service, maintaining strong credit quality, and striving for a superior financial performance. This recognition is a result of that commitment and the hard work and dedication of my colleagues at the bank."

Since 1970, The Banker magazine has released its top 1,000 World Banks ranking, providing comprehensive intelligence about the health and wealth of the banking sector. For more information, visit www.thebanker.com/top1000worldbanks.

1st Source Corporation, parent company of 1st Source Bank, has assets of $4.64 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 76 banking centers in 17 counties, 22 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Management locations and nine 1st Source Insurance offices.

1st Source common stock is traded on the NASDAQ Global Select Market under "SRCE" and appears in the National Market System tables in many daily newspapers under the code name "1st Src." For 150 years, 1st Source has been committed to the success of the communities it serves. For more information, visit www.1stsource.com.


1st Source Corporation
Angie Dvorak, 574-235-2128

KEYWORDS:   United States  North America  Illinois  Indiana  Michigan


The article 1st Source Named One of the Top 1,000 Banks in the World originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.