Continuously serving Kosciusko County since 1854
Lake City Bank has announced acquisition of six branch offices that will allow it to expand into two new markets.
LCB president Doug Grant announced today an agreement to purchase six branch offices of KeyBank National Association.
The offices are located in Columbia City, Kendallville, Ligonier, Logansport, Medaryville and Rochester.
Logansport and Medaryville are new markets for Lake City Bank.
With the purchase, Lake City Bank will add about $70 million in deposits. The sale is subject to approval by the Federal Deposit Insurance Corporation.
Lake City Bank is a subsidiary of Lakeland Financial Corporation, which is a $700 million banking organization.
