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Lake City Bank's Kubacki Named Business Leader of the Year by Indiana Chamber

WARSAW, Ind., Nov. 7, 2014 (GLOBE NEWSWIRE) -- Lake City Bank Executive Chairman Mike Kubacki was named Business Leader of the Year by the Indiana Chamber at its 25th Annual Awards Dinner last night in Indianapolis. Lake City Bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq:LKFN).

Kubacki was Lake City Bank's President and Chief Executive Officer from 1999 to 2014. He has also served as Chairman of the Board since 2003. Under his leadership, the bank's assets grew from $800 million to $3.2 billion, and the bank significantly expanded the markets it serves to include offices in the South Bend, Fort Wayne and Indianapolis markets.

"The Lake City Bank team is very proud that the Indiana Chamber has recognized Mike with the highest honor a business leader can receive. To everyone at the bank, Mike has been a visionary leader who ensured that we retained our community bank culture while strategically growing the bank," said David M. Findlay, Lake City Bank President and Chief Executive Officer.

Kubacki joined the company after a 25-year career with The Northern Trust Company, serving in its Chicago and Los Angeles offices. He is a native of Pierceton, Indiana, and received his bachelor's degree in Business from Indiana University and master's in Business Administration from the University of Chicago.

"Mike is the consummate community banker," Findlay said. "His sincere and dedicated focus on our customers is legendary and his caring and thoughtful management style has been a key to our success."

Lake City Bank, a $3.4 billion bank headquartered in Warsaw, Indiana, is the fourth largest bank in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 45 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq:LKFN). For more information visit www.lakecitybank.com.

CONTACT: Mary Horan Vice President Director of Marketing and Public Relations 574 371-9280 office 574 377-9150 mobile mary.horan@lakecitybank.com

Source:Lake City Bank