Lake City Bank Seeks To Buy Huntington NBD
July 28, 2016 at 4:25 p.m.
Negotiations for Lake City Bank to purchase the Huntington office of NBD Bank were announced today by LCB president R. Douglas Grant.
The acquired deposit base is anticipated to be in excess of $25 million. The acquisition is subject to approval by the Federal Deposit Insurance Corp. and the Indiana Department of Financial Institutions. That approval is expected later this year, according to a press release issued by LCB.
Headquartered in Warsaw, Lake City Bank is a subsidiary of Lakeland Financial Corp. It is a $700 million independent, locally owned and managed Indiana organization specializing in full service commercial and retail banking. The bank has operated continuously since 1872 and is widely owned by about 1,000 shareholders, most being local residents. LCB operates 34 full-service offices in 26 towns in north central Indiana. [[In-content Ad]]
Negotiations for Lake City Bank to purchase the Huntington office of NBD Bank were announced today by LCB president R. Douglas Grant.
The acquired deposit base is anticipated to be in excess of $25 million. The acquisition is subject to approval by the Federal Deposit Insurance Corp. and the Indiana Department of Financial Institutions. That approval is expected later this year, according to a press release issued by LCB.
Headquartered in Warsaw, Lake City Bank is a subsidiary of Lakeland Financial Corp. It is a $700 million independent, locally owned and managed Indiana organization specializing in full service commercial and retail banking. The bank has operated continuously since 1872 and is widely owned by about 1,000 shareholders, most being local residents. LCB operates 34 full-service offices in 26 towns in north central Indiana. [[In-content Ad]]