New CEO in Place at Lake City Bank

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David Findlay has taken over as president and chief executive officer of Warsaw-based Lake City Bank. He succeeds Michael Kubacki, who will remain with the bank and parent Lakeland Financial Corporation (Nasdaq: LKFN) as executive chairman until April 2016. April 8, 2014

News Release

WARSAW, Ind. - Lakeland Financial Corporation (Nasdaq:LKFN) and Lake City Bank today announced that David M. Findlay has assumed the role of President and Chief Executive Officer. Findlay, age 52, was previously President and Chief Financial Officer.

"Since joining the company in 2000, David has been a tremendous leader and partner as we have significantly grown in our Indiana communities. At Lake City Bank, we believe that our culture is an essential component of our success, and our board of directors is looking forward to the future with David in this role as he is a great steward of our culture," commented Michael L. Kubacki, Chairman of the Board. As previously announced, Kubacki will continue in his role as Executive Chairman until the April 2016 annual meeting of shareholders.

Findlay commented, "I am honored to assume this leadership role. Since Lake City Bank was founded 142 years ago, we've established a consistent reputation for community commitment and support that goes well beyond traditional banking services. We believe in the values that define a community bank and will continue to adhere to them, while at the same time staying focused on the long term development of value for our shareholders. Our entire team looks forward to our continued growth."

"We've had an outstanding leader in Mike Kubacki over the past 16 years and we are well positioned to continue the strong history of client service and shareholder performance that we developed during Mike's tenure," concluded Findlay.

As previously announced, Lisa M. O'Neill will join the company as Executive Vice President and Chief Financial Officer on April 24, 2014.

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 percent 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 Global Select/LKFN). For more information visit www.lakecitybank.com.

Source: Lakeland Financial Corp