Lake City coming downtown; other banks also add branches
Lake City, part of Warsaw-based Lakeland Financial Corp., will open an office this fall at 101 W. Ohio St.
Lake City Bank
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Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
Smaller banks gobbling up market share
But heavyweights Chase Bank and PNC Bank between them still have more than a 40 percent market share, according to recently released federal data.
Lake City Bank focuses on high- and low-tech services
Unlike some other banks, Lake City did not enter this market though acquisition. David Findlay, CEO of the $3.8-billion-in-assets bank, said it doesn’t plan to buy banks to continue its growth.
PROXY CORNER: Lakeland Financial Corp.
Warsaw-based Lakeland Financial Corp., is a holding company for Lake City Bank, which has $3.7 billion in assets and 47 branches in northern and central Indiana.
Outside banks nab deposits in Indy
Several out-of-town community banks have launched a full-court press on Indianapolis over the past decade and are seeing solid traction. Experts say they’re coming here because per-capita income and populations in their own back yards are growing more slowly and, in some cases, even declining.
Veteran of Indy banking to lead Lake City division
Warsaw-based Lake City Bank appointed Bill Redman to lead its Indianapolis commercial banking team.
Indiana banks cash in on overdraft fees as low rates linger
Now we know exactly how much of a fortune—or not—that larger, Indiana-based banks are generating from those ill-timed debit and ATM transactions.
Newcomer banks slice into ‘overheated’ Indianapolis market
Newer entrants are chasing market share with convenient hours, quick decisions and narrower niches of customers.
Walmart, bank, barbecue on tap for high-profile Fishers corner
Work is finally under way at Fishers Marketplace, a long-awaited development at the northeast corner of 131st Street and State Road 37.
Banks angle for customers with Indianapolis operations
Hoosier banks from outside the Indianapolis area are piling into the market with branch locations, and with no let-up in sight.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
Regulatory overload is community banks’ next big hurdle
Banks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses more complex and, in some cases, force them to consolidate.