Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq:LKFN), announced today that the Bank is committing $90,000 to Elevate Ventures for the Northern Indiana Regional Entrepreneurship Action Plan (REAP).
The Northern Indiana REAP is a three-year program intended to focus on creating more new firms, help remove barriers that block emergence of high-growth companies and target areas of Northern Indiana that may be fertile sources for high-growth.
Michael L. Kubacki, Chairman and Chief Executive Officer, commented, “There is a tremendous history of entrepreneurial success in Northern Indiana and Lake City Bank has been involved with funding the dreams of these businesses for decades. This action plan will provide support for the establishment of the next generation of successful entrepreneurs and we’re looking forward to working with the Elevate Ventures Team on the program.”
Elevate Ventures is a not-for-profit organization which nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies by providing a variety of resources for long-term success, including financial, management, business development, talent identification and retention, and technology.
Kubacki continued, “We’re an Indiana bank serving Indiana communities and the growth and expansion of the Hoosier businesses we work with is one of the greatest measures of our success. Lake City Bank’s commitment to our Indiana communities is demonstrated through financial support like this, as well as our employees’ personal involvement in local community organizations. At Lake City Bank, community service is an important part of our culture and not just words in our business plan.”