1st Source Bank Donates $15,000 to United Way

9/18/09 - Plymouth - 1st Source Bank has donated $15,000 to the United Way of Marshall County to partner in their Financial Stability Initiative of helping families become financially stable and independent.

Ron Zeltwanger, 1st Source Regional President, and Jay King, Manager of the 1st Source Banking Center in Plymouth presented the check this week to Jennifer S. Maddox, Executive Director of the United Way of Marshall County.

"In these tough economic times it's important that people have the information they need to make smart financial choices," said Zeltwanger. "1st Source recognizes this need in the community and we are pleased to partner with the United Way in this educational process."

The Financial Stability Initiative includes a three pronged approach to providing financial education for residents of Marshall County. The first component, "Where does your Money Go?" is a series of financial education classes focusing on how to best manage your money. The classes began this September and will be held every two months throughout Marshall County. The second part is a six week "Economics for Success" class for all sixth graders in Marshall County. The third component is "Money Smart Week?," a series of workshops and presentations on topics ranging from credit cards, insurance, and saving for college. The workshops will be held during the week of October 10-17 and are free and open to the public.

"We are very grateful to 1st Source for partnering with us on this initiative," said Maddox. "Without their support we would not have been able to gain the matching dollar-for-dollar grant from the Indiana Association of United Ways."

The Financial Stability Initiative is a three year partnership between the Indiana Association of United Ways, the United Way of Marshall County, the Marshall County Community Foundation, 1st Source Bank, and 18 financial related businesses in Marshall County. The three programs are also being made possible with the assistance of Purdue Extension, Junior Achievement and the Federal Reserve Bank of Chicago.

1st Source Corporation, parent company of 1st Source Bank, has assets of $4.5 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes over 75 banking centers in 17 counties, 23 1st Source Bank Specialty Finance Group locations nationwide, seven Trust and Wealth Management locations and seven 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." Since 1863, 1st Source has been committed to the success of the communities it serves. For more information, visit www.1stsource.com.