Hires seasoned, respected local banker to spearhead expansion

South Bend, Ind. (August 3, 2023) – 1st Source Bank is pleased to announce, the opening of a dedicated loan production office, located at 10475 Crosspoint Blvd., Suite 415, Indianapolis, IN. Presently, the office is open by appointment only and serves the community with small business loans and other commercial credit needs.
Matt Darrah has joined the Bank as Market President, Indianapolis Commercial Banking, to lead outreach and the servicing of clients in this area. Mr. Darrah started his banking career at 1st Source Bank, serving as underwriter in the Specialty Finance Group, before moving to the Indianapolis area and working in the local finance industry for nearly 20 years. He attended Ball State University where he obtained undergraduate degrees in Sports Management and Business, as well as a MBA in Finance.
“We’ve long been interested in introducing the 1st Source Bank brand and community banking service model to the Indianapolis area, and we’re pleased to have Matt spearheading those efforts as we get introduced to the region,” says Larry Mayers, 1st Source Bank Business Banking Group Head. “Matt is a strong believer in the 1st Source mission, and believes living that mission and our values in every client interaction will lead to our success in this exciting new market.”
“Here at 1st Source, we celebrate small business and do all we can to deliver on our mission and live by our values in how we serve our clients every day,” says Andrea Short, President and Chief Executive Officer of 1st Source Bank. “Opening a loan production office in the Indianapolis area is an exciting and strategic step forward for us, not only to grow our own organization, but to help other businesses grow too, while ultimately helping those clients achieve security, build wealth and realize their dreams. We look forward to the great work to be done by our Indianapolis team, and the impact their outstanding client service will have on the clients we serve.”
For those interested in meeting with Mr. Darrah, he can be reached via email at [email protected] or by phone.