A large investor in 1st Source in South Bend, Ind., is planning to sell nearly $37 million of the South Bend, Ind., company's stock.

The $4 billion-asset 1st Source said in a press release Thursday that the Morris Family Trusts plan to sell 1.2 million shares of stock at $30.50 each.

Keefe, Bruyette & Woods is handling the sale; 1st Source will not receive any proceeds from the offering

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