WARSAW, Ind., Nov. 15, 2011 (GLOBE NEWSWIRE) -- Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq:LKFN), has opened its first full service office location in the Indianapolis market and its 44th overall office. The regional headquarters facility is located at the northwest corner of 96th and Meridian Streets and encompasses 11,000 total square feet.
Carmel Mayor James Brainard and Bank officials officially opened the office with a ribbon cutting and grand opening celebration on November 8th The Bank partnered with Riley Children's Hospital to host the grand opening event and made a $10,000 donation to Riley as part of the celebration. Additionally, the bank is donating $50 to Riley for all Lake City Bank REWARDS checking accounts opened at the new office through December 31, 2011.
Michael L. Kubacki, Chairman and Chief Executive Officer, commented, "We're thrilled to officially open our newest office in the Indianapolis market. Our partnership with Riley Children's Hospital is a reflection of Lake City Bank's community focus. As one of the largest banks in Indiana, we recognize that Riley is an important healthcare institution throughout the state and is a perfect reflection of our drive to become the leading financial institution in Indiana."
The new office will be managed by Vice President Sara Hill and offers technology-driven banking solutions for businesses and individuals. Senior Vice President Clint Pletcher will serve as the Regional Manager for the Commercial Banking Department in the market. The office will provide direct access to specialists in Commercial Treasury Management Services, Corporate Bond Administration, Retirement Services and Merchant Card Services, in addition to Wealth Advisory Services.
Lake City Bank was assisted in the site selection process by Indianapolis-based Hokanson Companies and worked with the Indianapolis and Fort Wayne staff of MSKTD Build to design and build the facility. The general contractor on the project was Browning Construction.
Lakeland Financial Corporation is a $2.8 billion bank holding company headquartered in Warsaw, Indiana. Lake City Bank serves Indiana with 44 branches located in the following counties: Kosciusko, Elkhart, Allen, St. Joseph, DeKalb, Fulton, Hamilton, Huntington, LaGrange, Marshall, Noble, Pulaski and Whitley. The Company also expects to open another full service office in the South Bend market during the fourth quarter of 2011.
Lakeland Financial Corporation may be accessed on the home page of its subsidiary, Lake City Bank, at www.lakecitybank.com. The Company's common stock is traded on the Nasdaq Global Select Market under "LKFN". Market makers in Lakeland Financial Corporation common shares include Automated Trading Desk Financial Services, LLC, B-Trade Services, LLC, Citadel Securities, LLC, Citigroup Global Markets Holdings, Inc., Domestic Securities, Inc., E*TRADE Capital Markets LLC, Goldman Sachs & Company, Howe Barnes Hoefer & Arnett, Inc., Keefe, Bruyette & Woods, Inc., Knight Capital Americas, L.P., Morgan Stanley & Co., Inc., Sterne Agee & Leach, Stifel Nicolaus & Company, Inc., Susquehanna Capital Group and UBS Securities LLC.
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should" or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. Additional information concerning the Company and its business, including factors that could materially affect the Company's financial results, is included in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on form 10-K.