News Release

SOUTH BEND — The Indiana District Office of the U.S. Small Business Administration recently announced 1st Source Bank has received the “Gold Level Award” in the Community Lender category for the 10th year in a row.

The award honors 1st Source Bank for delivering the greatest number of SBA loans in the state of Indiana in 2022 among community banks headquartered in Indiana with less than $10 billion in assets.

“We’re immensely proud to receive the SBA Gold Level recognition for the 10th year running, and we’re grateful to our clients for continually trusting in us as their financial partner,” says Ryan Bell, small business market manager for 1st Source Bank. “We have a hardworking and dedicated team, and each one of them is driven to serve our clients well by their passion to help these businesses succeed. It’s our goal to continue this work and to offer the best advice and solutions to the small businesses we serve well into the future.”

Established in 1953, the U.S. SBA is an independent agency of the federal government helping Americans start, build and grow businesses. 1st Source Bank is designated as a “preferred SBA lender,” which enables the bank to process SBA loans faster than non-preferred SBA lenders. 1st Source Bank has devoted over 158 years to serving small businesses and maintains a dedicated SBA Department to ensure the highest level of service to their clients.