Lake City Bank Expands Downtown Campus with Building Acquisition to become the Innovation and Technology Center
September 03 2024 - 8:58AM
Lake City Bank has purchased the 35,600 square foot three story
office building at 122 E. Center Street, Warsaw, IN on August 30,
2024. The office building will significantly expand the bank’s
Warsaw Campus and support the continued growth of Lake City Bank.
The newly acquired building will be substantially renovated and
modernized and will be renamed the Lake City Bank Innovation and
Technology Center. Lake City Bank has been headquartered in Warsaw
since the bank was founded in 1872 and employs 279 employees in the
Downtown Warsaw Campus, representing the largest employer in
Downtown Warsaw.
“This acquisition adds the 6th building to our
Downtown Warsaw campus and represents our continued commitment to
the bank’s hometown. Throughout our 152-year history, we’ve been
focused on taking care of our clients and communities in every
Hoosier Community we serve. Increasingly, our clients are relying
upon technology-driven solutions to manage their financial needs.
The Lake City Bank Innovation and Technology Center will be home to
our Technology Services, Information Security, Application
Management and Project Management teams and will provide the bank
with significant room to continue our growth well into the future,”
said David M. Findlay, Chairman and Chief Executive Officer. “Since
2010, we’ve invested approximately $30 million in our Warsaw
facilities and in our Kosciusko County bank offices. We have fully
renovated and modernized our entire Warsaw footprint. We’ve proudly
taken older buildings and brought them back to life with these
major capital investments in our hometown.”
The building was constructed in 1968 by the United Telephone
Company of Indiana to support the region’s telecommunications
industry. The third floor has been leased by Lake City Bank since
2012. The first and second floors will be renovated to support
additional future growth. The exterior of the building will be
updated to reflect the bank’s current brand position. In addition
to the added capacity for office space, Lake City Bank will
incorporate flexible space options such as a coffee meeting
location, a walk up ITM and various meeting rooms with modern
conference calling capabilities to enhance communications with
other locations in the Lake City Bank footprint.
“For 152 years, Lake City Bank has been growing and investing in
the Warsaw community,” said Kristin L. Pruitt, President. “Our
investment in this facility is strategic and will support the
continued growth of our collaborative teams who deliver innovative
products and services to our customers.”
Lake City Bank, a $6.6 billion bank headquartered in Warsaw,
Indiana, was founded in 1872 and serves Central and Northern
Indiana communities with 54 branch offices and a robust digital
banking platform. Lake City Bank’s community banking model
prioritizes building in-market long-term customer relationships
while delivering technology-forward solutions for retail and
commercial clients. The bank is the single bank subsidiary of
Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For
more information visit www.lakecitybank.com.
ContactLisa M. O’NeillExecutive
Vice President and Chief Financial Officer (574)
267-9125lisa.oneill@lakecitybank.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2105cc44-cf41-49ab-8f79-e7fcafc9a3c3
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