1st Source Bank

1st Source Bank
100 N. Michigan St.
South Bend, IN 46601
(574) 235-2733

Contact Information

Kirk Browning, Specialty Finance Group Division President, Auto, Truck & Specialty Vehicle Fleet Division
(574) 235-2733

The Vehicle Fleet Division of 1st Source Bank’s Specialty Finance Group (Monitor Bank 50, ranked #20) has been funding vehicle fleets continuously since its founding in 1976, as part of a bank with roots dating to 1863. The Specialty Finance Group’s Vehicle Fleet Division remains a consistent funding source to the independent commercial vehicle lessor community, through various economic cycles. Our long-term relationship approach, vehicle expertise and commitment to timely quality service, makes a positive difference for our independent commercial vehicle lessor clients. As a closely held, publicly traded bank, with strong capital and reserves, plus a Bauer 5-star rating (highest safety rating), 1st Source Bank also remains a prudent place for clients to maintain deposit accounts.

Member FDIC. Subject to credit approval. Equal Housing Lender.
A 1st Source Bank deposit account is required prior to close.

General Information

Funding Information

Company Type

  • Bank

Trade Associations


Funding Source Type

  • Lender
  • Lessor

Source of Funds

  • Internal

Transaction Profile

Deal Size Range

  • $50K-$45MM


  • 1-10 Years Depending on Collateral

Average Term

  • 24 - 72 months

Products Offered

  • EFA
  • Finance Lease
  • FMV
  • Lease Intended as Security
  • Leveraged Debt
  • Lines of Credit
  • Loans
  • Operating Lease
  • Sale/Leaseback
  • Split-Trac
  • Synthetic Loans
  • TRAC
  • True Lease
  • Direct Funding to Commercial Lessors

Scope of Geographic Activity

  • National

Transaction Preferences

Asset Categories

  • Ambulance/Emergency
  • Auto/Light Truck
  • Bus/Mass Transit
  • Business/Corporate Air
  • Construction
  • Energy Related
  • Environmental Systems
  • Helicopters
  • Materials Handling
  • Mining
  • Trucks and Trailers
  • Waste Disposal

Credit Quality

  • Near Investment Grade
  • A Quality
  • B Quality

Special Services

  • Application Only Programs
  • Custom Structures
  • Portfolio Purchases
  • Titled Vehicles

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