Protecting your business from cybercrime and scams.
by Shari Held
Target. Home Depot. UPS. JP Morgan Chase. They’ve all made the headlines lately–and not in a good way. They’ve been hacked! And confidential information was compromised.
“The threat is very real, and pretty much a weekly occurrence,” says Tanya Buerger, senior vice president and chief information and technology officer for Peoples Bank in Munster. “It’s …Read Full Article
Card issuers pushing new system to fight credit card fraud.
by Phil Britt
Payment card issuers will be forcing merchants to take a more proactive stance against payment fraud by requiring that point of sale (POS) systems be able to meet so-called EMV standards, including the ability to accept chip-based cards, by Oct. 1, 2015.
Until that date, Visa, MasterCard, Discover and American Express will …Read Full Article
With loans and advice, Accion Chicago helps borrowers succeed.
by Shari Held
This year Accion Chicago, a non-profit microlender affiliated with Accion International, is celebrating its 20-year anniversary. And the thousands of underserved, aspiring entrepreneurs and small business owners the lender has helped over the years are celebrating right along with Accion. That includes clients from seven Northwest Indiana counties–Lake, Porter, Jasper, LaPorte, Newton, Pulaski …Read Full Article
Banking technologies add convenience, but some still prefer bricks and mortar.
by Jerry Davich
Today’s banking customers have more options than ever regarding their finances, but also more checks and balances when it comes to daily decision-making. Should they choose old habits over new technologies? Convenience over complexities? Face-to-face interactions versus online interfacing? Pen and paper accounting versus mobile accessibility? “The future is here today,” …Read Full Article
SOUTH BEND – This year 1st Source Bank celebrates 150 years of helping clients achieve security, build wealth and realize their dreams. 1st Source will began its year-long celebration on June 12.
“1st Source is pleased to celebrate 150 years of service to our clients and the community,” said Christopher J. Murphy III, chairman and CEO. “For 150 years, we’ve focused on being distinctively convenient, …Read Full Article
SOUTH BEND – 1st Source Bank has announced the winners of the 15th annual Ernestine M. Raclin Community Leadership Award. Five employees and five community volunteers who embody the spirit, values, energy and leadership of Ernestine M. Raclin, past Chairman of 1st Source Bank and 1st Source Corporation, were selected as 2013 winners of the award.
Jon Hicks, President of In Good Company in Merrillville, …Read Full Article
SOUTH BEND – 1st Source Bank has been ranked in the top 15th percentile of community banks by Seifried & Brew LLC, a community bank risk management firm. 1st Source was selected from among banks with assets between $100 million and $5 billion.
According to Seifried & Brew, 1st Source “demonstrated exemplary performance of balancing risk and reward based on the bank’s S&B …Read Full Article
Shareholders of Citizens will receive .65 shares of First Merchants common stock for each share of Citizens stock. The deal is worth $115 million.
The merged operation will have assets of more than $5 billion and will be the second largest Indiana-based financial holding …Read Full Article
SOUTH BEND – 1st Source Corp. has been named to the Keefe, Bruyette & Woods, Inc. (KBW) “Bank Honor Roll” of Superior Performers in recognition of the bank’s strong performance over the past ten years. 1st Source is one of 47 U.S. banks to be named to this esteemed list, and one of only 33 banks to make the list for two consecutive years.
“We …Read Full Article
SOUTH BEND – 1st Source Corp., parent company of 1st Source Bank, has announced net income of $12.40 million for the first quarter of 2013, up 5.88 percent compared to the $11.72 million reported in the first quarter a year ago.
Christopher J. Murphy III, chairman and CEO said, “1st Source completed another solid quarter. Our loan and lease portfolio grew at 7.19 percent …Read Full Article