1st Source Corporation, through its principal subsidiary, 1st Source Bank, delivers a range of consumer and commercial banking services to individual and business customers through its banking locations in the northern Indiana-southwestern Michigan market area. It offers commercial, agricultural, real estate, and consumer loans. The bank also offers specialized financing services for used private and cargo aircraft, automobiles for leasing and rental agencies, heavy duty trucks, and construction and environmental equipment. Its depository products comprise interest bearing and non-interest bearing demand deposits, savings deposits, and other time deposits. The company's other subsidiaries include 1st Source Leasing, Inc., a leasing subsidiary; 1st Source Insurance, Inc., a general property and casualty insurance agency; 1st Source Capital Corporation, a licensed small business investment company; Trustcorp Mortgage Company, a mortgage banking company; and 1st Source Corporation Investment Advisors, Inc., a registered investment advisory subsidiary that provides investment management services. As of October 30, 2003, the company included 60 banking centers in 15 counties; seven Trustcorp Mortgage offices in Indiana, Ohio, and Michigan; and 22 locations nationwide for the 1st Source Bank Specialty Finance Group. 1st Source also offers banking services through its network of automated teller machines, bank by phone services, and online personal and business financial products. In addition, it provides employee benefit services, personal and agency trusts, and estate planning. Its competitors include Bank One, Fifth Third Bank, Key Bank, National City Bank, Standard Federal Bank, and Wells Fargo Bank.
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