Experiencing Hardship?
Experiencing hardship?
We are here to help.
"Our primary focus is on being here for you. If you need to talk with someone about your financial situation due to the pandemic, please reach out to us to explore options."
- Chris Murphy, Chairman and CEO
During these uncertain
times, please know that helping you is our top priority. Let us know how we may
assist with your personal finances by calling our Client Services Center 800-513-2360 or 574-235-2000 or call your local banker.
Economic Impact Payments
The IRS has introduced a new tool for those who do not file their
tax returns electronically, in order to receive a stimulus check quickly. Users
will need to create an account
and use their bank’s routing number. 1st Source Bank’s routing number
is 071212128.
For more information on Economic Impact Payments, please visit the
IRS coronavirus impact payment website or view this quick video. Unsure of how to
spend your stimulus check? Click here for advice.
Please remember this is the only authorized site by the IRS. The
IRS will NOT call you requesting any information, or to help you sign up for
this program.
Changes to Retirement Account Guidelines
The CARES Act has enacted
changes to 401k laws, which affect rules regarding plan withdrawals, contributions
and required minimum distributions. Click here for more information.
Tax Deadline Extension
The deadline for filing
federal income taxes has been extended to July 15, 2020. Review this video
for more details, including what to do if you need
additional time to file.
Expanded Unemployment Benefits
The CARES Act provides
expanded unemployment benefits to those who may not have previously been
eligible. Click here to learn more.
IN-PERSON APPOINTMENTS ARE AVAILABLE
Simply find the nearest banking center and call them to schedule an appointment. View Locations
Simply find the nearest banking center and call them to schedule an appointment. View Locations
BANK FROM WHEREVER YOU ARE
Access your accounts online, through the mobile app, via text, or over the phone; whatever works best for you! Learn More
Access your accounts online, through the mobile app, via text, or over the phone; whatever works best for you! Learn More
CONSUMER LOANS AT THE READY
We have the funds and experience to help you meet your needs. Review our options and apply online, over the phone or by appointment. View Loans
We have the funds and experience to help you meet your needs. Review our options and apply online, over the phone or by appointment. View Loans
1st Source Bank remains
strong, stable, local and personal; we continue to be so now, just as we have
for over the past 150 years. Our commitment to the communities we serve helps
us understand what needs our local business may have during uncertain
economic times.
If you need assistance with finances for your business due to
the current nationwide shutdowns caused by COVID-19, please
reach out to us. Customer Service 800-513-2360 or 574-
235-2000 or call your local banker.
We offer many options to help you out in these times:
IN-PERSON APPOINTMENTS ARE AVAILABLE
Simply find the nearest banking center and call them to schedule an appointment. View Locations
Simply find the nearest banking center and call them to schedule an appointment. View Locations
BUSINESS LOAN OPTIONS
Now more than ever, ensuring the right financing is critical to ensure long-term success. You can review our loan options and apply online, speak to one of our highly qualified loan officers on the phone. View Loans
Now more than ever, ensuring the right financing is critical to ensure long-term success. You can review our loan options and apply online, speak to one of our highly qualified loan officers on the phone. View Loans
PAYCHECK PROTECTION PROGRAM (PPP)
We are thankful to help the businesses and
communities we serve by processing over 3,448 applications for approximately $594.6
million in PPP dollars to date.
Loan Forgiveness
The SBA and
Department of Treasury released a revised PPP forgiveness application, which
became law with the June 5, 2020, signing of the Paycheck Protection Program
Flexibility Act. In addition to the revised full forgiveness application, the
SBA published a new EZ version which requires fewer calculations and less
documentation for borrowers. To see if you are eligible to use the EZ
forgiveness application, please review the EZ forgiveness application
instructions. Both versions of the forgiveness application and instructions may be found on the SBA website.
1st Source Bank is
finalizing a forgiveness application portal that will allow those who received
a PPP loan through 1st Source Bank to easily calculate forgiveness eligibility,
submit documentation and receive application updates. We anticipate accepting forgiveness
applications beginning on August 10, 2020, which is the date that the SBA will
begin accepting forgiveness applications. Please note that this is subject to
change if Congress passes any new legislation.
1st
Source Bank is a seven-time SBA Gold Level Community Lender of the Year
recipient. Our business banking team is poised and ready to serve you.