1st Source Bank, Centier, First Merchants named 'top-ranked' banks in Indiana by Forbes

1st Source Bank headquarters is shown in downtown South Bend. Forbes magazine named it the second top-ranked bank in Indiana.

1st Source Bank, Centier Bank and First Merchants can stake a claim to being among the "top-ranked banks headquartered in Indiana," according to Forbes magazine.

The national business magazine and the market research firm Statista teamed up for to study the best banks and credit unions in all 50 states, based on a survey of 25,000 residents from across the United States. South Bend-based 1st Source, which has $6 billion in assets and a large footprint in Porter and LaPorte counties, placed second statewide in Indiana.

“We would like to thank all of our customers for recognizing 1st Source Bank as a bank that delivers excellent service when they were interviewed for this award," Ist Source Bank President James Seitz said. "Winning this award validates that we are genuinely serving customers in ways that are true to our values of providing outstanding customer service and superior quality. Customers in Indiana value straight talk and sound advice, which 1st Source Bank is committed to providing every day.”

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Merrillville-based Centier came in fourth. First Merchants, which has multiple locations in Lake County after acquiring Munster-based Citizens Financial Bank in 2013, placed fifth.

The survey asked bank customers about trust, terms and conditions, branch services, digital services, and financial advice.

Columbus, Ohio-based Huntington Bank, which has no branches in Northwest Indiana, ranked first in Indiana among survey respondents.


Business Reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.