Lake City Bank announced Kristin L. Pruitt, president of Lake City Bank, has been elected to the Federal Reserve Bank of Chicago Board of Directors for a three-year term from 2025-27.
The Federal Reserve Bank of Chicago is part of the Federal Reserve System and serves the Seventh Federal Reserve District, which comprises Iowa and most of Illinois, Indiana, Michigan and Wisconsin. The Federal Reserve Bank of Chicago fosters economic opportunity by advancing a healthy economy and promoting a trusted financial system, contributes to the formulation and implementation of national monetary policy, supervises and regulates designated financial institutions, and provides financial services to depository institutions and the U.S. government, according to a news release from Lake City Bank.
“It’s an absolute privilege to serve on the Federal Reserve Bank of Chicago Board of Directors,” Pruitt said. “I look forward to working closely with the board and leveraging my insights to help strengthen partnerships among financial institutions and continue to build upon our strong Midwest economy.”
“The Federal Reserve Bank of Chicago Board of Directors serves a critical role in our Midwest region and Kristin will bring valuable economic development and banking perspectives from our diverse Indiana communities to the board,” said David M. Findlay, Lake City Bank chief executive officer and chairman.
Pruitt has served as president of Lake City Bank since 2023. She also serves on boards of directors of Lakeland Financial and Lake City Bank. She joined the bank in 2008 as senior vice president and general counsel and was promoted to executive vice president and general counsel in 2014 and to chief administrative officer in 2019.
Pruitt is active as a board member with organizations including the Northern Indiana Regional Development Authority, Community Investment Fund of Indiana, Community Foundation of St. Joseph County and Boys & Girls Clubs of the Northern Indiana Corridor.
Lake City Bank, a $6.6 billion bank headquartered in Warsaw, 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 release states. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For more information, visit www.lakecitybank.com.