1st Source Bank receives ‘Gold Level Award’ for fifth straight year

Receiving the Gold Award in the Community Bank category for SBA Lending is Carrie Kosac (right), vice president, small business market manager and Stacey Poynter, SBA Indiana District director of 1st Source Bank.
Receiving the Gold Award in the Community Bank category for SBA Lending is Carrie Kosac (right), vice president, small business market manager and Stacey Poynter, SBA Indiana District director of 1st Source Bank. Photo provided.

At December’s annual meeting for the Indiana District of the United States Small Business Administration (SBA), 1st Source Bank received the “Gold Level Award” for the community bank lender’s category for the fifth year in a row.

Among community banks with less than $10 billion in assets, the award honors 1st Source Bank as No. 1 for delivering the greatest number of SBA loans in Indiana in 2017, helping Indiana small businesses with 156 loans during this 12-month period.

Bank President James Seitz commented, “Winning this award validates that our extensive focus in helping Small Business customers grow and prosper has been well received in our market. By using the resources available from the SBA, we are able to provide valuable assistance in quickly meeting the financing needs of small businesses in our communities.”

Established in 1953, the U.S. SBA is an independent agency of the federal government to help 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 more than 150 years to serving small businesses and maintains a dedicated SBA department to ensure the highest level of service to its clients.

1st Source Bank’s SBA lending team is led by Carrie Kosac who attended the SBA Indiana Lender Award Ceremony on behalf of the bank.