Lake City Bank Recognized as Top Performer by Sandler O'Neill
Company Named as Sm-All Star for Second Consecutive Year
WARSAW, Ind., Nov 26, 2012 (Menafn - GlobeNewswire via COMTEX) --Lakeland Financial Corporation LKFN, parent company of Lake City Bank, announced today that it has once again been included on the Sandler O'Neill Partners Sm-All Stars List. Lakeland Financial is one of only six bank holding companies that were members of the Sm-All Stars Class in 2011.
Sandler O'Neill Partners annually evaluates all publicly-traded banks and thrifts nationwide with a market cap of less than 2 billion to identify the top-performing small-cap banks and thrifts in the nation. The analysis focuses on growth, profitability, asset quality, and capital strength, evaluating each institution's absolute performance in each of eight financial variables. Lakeland Financial was selected as one of only 25 institutions out of the initial field of 461 to be recognized for "delivering bottom line results that are markedly better than the industry as a whole."
Michael L. Kubacki, Chairman and Chief Executive Officer, commented, "It's rewarding for the entire Lake City Bank Team to be included in this list of high performing banks, especially for the second year in a row. With over 7,000 banks in the country, being included in this list is a great honor."
Lakeland Financial Corporation is a 3.0 billion bank holding company headquartered in Warsaw, Indiana. Lake City Bank serves Indiana with 45 branches located in the following Indiana counties: Kosciusko, Elkhart, Allen, St. Joseph, DeKalb, Fulton, Hamilton, Huntington, LaGrange, Marshall, Noble, Pulaski and Whitley.
Lakeland Financial Corporation may be accessed on the home page of its subsidiary, Lake City Bank, at www.lakecitybank.com. The Company's common stock is traded on the Nasdaq Global Select Market under "LKFN."
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SOURCE: Lake City Bank
CONTACT: David M. Findlay
President and
Chief Financial Officer
(574) 267-9197
david.findlay@lakecitybank.com
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