MASHINIi

1st Source Corporation.

SRCE.US | Other monetary intermediation

1st Source Corporation is a financial holding company providing a range of financial services. Its primary business involves commercial banking activities, including accepting deposits and providing loans to individuals, businesses, and municipalities. The company offers various loan products such a...Show More

Ethical Profile

Mixed.

1st Source Corporation's ethical standing presents a mixed picture. The company experienced a data breach, reportedly affecting approximately 450,000 records via the MOVEit file transfer tool. Despite this, 1st Source demonstrates significant community investment. Its foundation awarded a $135,000 multi-year grant to Beacon Health System for mobile maternal care services in Indiana, addressing healthcare disparities. Further grants include $10,000 for youth mental health and $100,000 for a Healthy Living Campus. The corporation has also earned the SBA Community Bank Gold Level Award for 12 consecutive years, underscoring its commitment to small business lending.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity-10
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-50
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-40
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

1st Source Corporation's core business as a financial holding company (banking, loans, wealth management, insurance) has no direct positive or negative health impact, leading to a neutral score for 'health_impact_core', 'harmful_revenue_share', 'safety_record', and 'price_accessibility'. The company does not offer health-related products or services, nor does it conduct clinical trials, manage health data, or operate in industries with addiction potential or specific nutritional impacts, resulting in omission for many KPIs. However, the 1st Source Foundation, a philanthropic arm of the company, makes grants to organizations with health-related missions. These grants demonstrate a commitment to 'Better Health for All'. The Foundation awarded $135,000 to Beacon Health System for a Mobile Mom Unit targeting under-resourced communities and families with Medicaid coverage to address maternal and infant health disparities, which directly supports 'vulnerable_reach' and 'health_equity_programs'.

1
This initiative focuses on early prenatal care, aligning with 'preventative_health_measures'.
2
Additionally, a $10,000 grant was given to RemedyLIVE to provide mental health resources for youth, supporting 'mental_health_initiatives'.
3

Fair Money & Economic Opportunity

-10

The company maintains a clean regulatory record, with no regulatory actions, violations, fines, or compliance issues mentioned across multiple articles.

1
It adheres to federal regulations, including the Equal Credit Opportunity Act and the Dodd-Frank Act.
2
For financial literacy, the 1st Source Foundation donated $20,000 in January 2023 to support a 12-week financial literacy program for local youth, covering budgeting, personal finance, and investing.
3
However, the article does not provide information on the program's reach (e.g., percentage of customers or community members) or any measured outcomes.

Fair Pay & Worker Respect

0

No evidence available to assess 1st Source Corporation on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess 1st Source Corporation on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No evidence available to assess 1st Source Corporation on Honest & Fair Business.

Kind to Animals

0

No evidence available to assess 1st Source Corporation on Kind to Animals.

No War, No Weapons

-50

The company is a member of the United Nations Global Compact (UNGC) and states a commitment to upholding international human rights standards.

1
However, its alignment with UN Guiding Principles is in principle, with implementation uneven across divisions. The company's ESG framework, FirstConscious, embeds sustainability and ethical operations, and it has a Code of Conduct that includes anti-bribery guidelines, but there are no codified red lines banning specific weapons or conflict-related activities.
2
New suppliers and top critical vendors undergo annual ESG compliance assessments by an independent third-party auditor, but no substantive action taken or results published regarding conflict-related risks.
3
The company diligently adheres to all applicable statutory requirements, ensuring full compliance with no reported instances of non-compliance.
4

Planet-Friendly Business

0

No evidence available to assess 1st Source Corporation on Planet-Friendly Business.

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles that directly correspond to any of the KPIs for 'Respect for Cultures & Communities'. The articles discuss general ESG initiatives

1
,
2
, workplace diversity
3
,
4
, and philanthropic activities
5
,
6
, but lack quantitative evidence regarding formal partnerships with indigenous or local community groups
7
, revenue reinvested in local community development
8
, cultural appropriation incidents
9
, cultural impact assessment protocols
10
, local employment ratios
11
, grievance mechanisms for community concerns
12
, FPIC processes
13
, community governance inclusion
14
, cultural preservation investment
15
, local procurement
16
, indigenous supplier engagement
17
, cultural site protection
18
, social license to operate
19
, charitable giving to cultural heritage organizations
20
, community fund allocation
21
, language inclusivity
22
, cultural incident response
23
, or cultural sensitivity training completion
24
.

Safe & Smart Tech

-40

1st Source Corporation experienced a data breach in June 2023, affecting approximately 450,000 individuals.

1
The breach involved personal and protected health information (PHI) and was isolated to the MOVEit file transfer server, with unauthorized data acquisition confirmed on September 21, 2023.
2
The company conducts annual information security awareness training for employees, and its effectiveness is evaluated through annual third-party social engineering tests.
3
Regular penetration testing is performed, including an annual PCI-certified test, along with third-party health checks on security systems and vulnerability management.
4
The company adheres to FFIEC guidance, the CRI Profile (based on the NIST framework), and PCI Security Standards Council standards, undergoing annual examinations by the Federal Reserve and DFI.
5
No specific incidents of unauthorized data use beyond the MOVEit breach are reported.
6

Zero Waste & Sustainable Products

0

No specific, quantitative data for SRCE.US related to Zero Waste & Sustainable Products was found in the provided articles.

1
The articles discuss general green practices or corporate governance, without providing company-specific metrics on waste diversion, product recyclability, packaging sustainability, recycled content, waste reduction initiatives, or any other relevant KPIs for the company.
2

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.