Lake City Bank Hits Record Profit

Lakeland Financial Corp. is the parent company of Lake City Bank.

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Warsaw-based Lakeland Financial Corp. (Nasdaq: LKFN) is reporting record net income of $21.7 million, compared to $20.1 million in the same period last year. The parent company of Lake City Bank is also reporting record net income for the first half of the year.

David Findlay, president and chief executive officer, said, “Our record quarterly results were positively impacted by healthy loan and deposit growth. This balance sheet expansion reflects our continued growth throughout our Indiana footprint.”

To read the full report, click here.