Bowers Elected to 1st Source Corporation Board of Directors.

Business Editors

SOUTH BEND, Ind.--(BUSINESS WIRE)--July 25, 2003

Christopher J. Murphy III, Chairman and Chief Executive Officer of 1st Source Corporation, announced that David C. Bowers was elected a board member of 1st Source Corporation and 1st Source Bank by the Board of Directors of each company at their July meeting. He will stand for re-election for an additional term at the next annual shareholder meeting in April, 2004.

Mr. Bowers is the former Executive Vice President and member of the board of directors of The Park National Bank, and Secretary and Chief Financial Officer of Park National Corporation (AMEX:PRK), a $5.0 billion bank holding company headquartered in Newark, Ohio. From 1972 to 1985, Mr. Bowers was Senior Vice President and Chief Financial Officer of 1st Source Corporation.

Mr. Murphy commented, "Dave Bowers comes to our Board having served with one of the best performing banks in the country. In many ways, this is like a homecoming for Dave, as he was very much a part of the 1st Source executive management team during the time he worked here. We look forward to Dave's advice and counsel."

Mr. Bowers received undergraduate and M.B.A. degrees from the University of Michigan, and a J.D. degree from John Marshall Law School, Chicago. He is a C.P.A. and member of the Illinois Bar. While employed at Park National, Mr. Bowers was responsible for the Operations and Data Processing functions at the bank, and accounting, legal and investor relations functions at Park National Corporation.

1st Source Corporation is the largest locally owned financial institution headquartered in the Northern Indiana-Southwestern Michigan area. While delivering a comprehensive range of consumer and commercial banking services, 1st Source Bank has distinguished itself with innovative products and highly personalized services. 1st Source also competes for business nationally by offering specialized financing services for used private and cargo aircraft, automobiles for leasing and rental agencies, heavy duty trucks, construction and environmental equipment. 1st Source Bank is comprised of 60 banking centers located in 15 counties; Trustcorp Mortgage has 7 offices located in Indiana, Ohio and Michigan; and the 1st Source Bank Specialty Finance Group has 23 outlets located nationwide. With a history dating back to 1863, 1st Source has a tradition of providing superior service to customers while playing a leadership role in the continued development of the communities in which it serves.

Except for historical information contained herein, the matters discussed in this document, and other information contained in 1st Source's SEC filings, may express "forward-looking statements." Those statements, including statements or assumptions concerning future events or performance, and other statements that are other than statements of historical fact, are subject to material risks and uncertainties. 1st Source cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. Readers are advised that various factors - including, but not limited to, changes in laws, regulations or accounting principles generally accepted in the United States; 1st Source's competitive position within its markets served; increasing consolidation within the banking industry; unforseen changes in interest rates; unforseen downturns in the local, regional or national economies - could cause 1st Source's actual results or circumstances for future periods to differ materially from those anticipated or projected.

1st Source does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to any forward-looking statements to reflect the occurrence of unanticipated events or circumstances after the date of such statements.