WARSAW, Ind., April 11, 2014 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq:LKFN) was named to Forbes list of America's 50 Most Trustworthy Financial Companies.
To compile the list for Forbes, GMI Ratings, a proprietary ratings provider and investment advisor, examined data from 8,000 publicly traded companies of all sizes. GMI Ratings reviewed accounting and governance behaviors, considering factors such as high-risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk, which it considers indicators of a company's credibility.
"We're particularly proud to be included in this impressive list as we work hard to earn our clients' and shareholders' trust and confidence every day. It's a great reflection on the entire Lake City Bank team," said David M. Findlay, President and Chief Executive Officer.
Lake City Bank, a $3.2 billion bank headquartered in Warsaw, Indiana, is the fourth largest bank in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 46 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq:LKFN). For more information visit www.lakecitybank.com.