Lakeland Financial Corporation (Nasdaq:LKFN) and Lake City Bank today announced the Wealth Advisory Group has surpassed $1 billion in total trust assets during the third quarter of 2013.
Michael L. Kubacki, chairman and chief executive officer stated, “We are extremely pleased to have reached this milestone of total trust assets as it is an indication of the confidence that our clients have placed in us to effectively manage their investments. Our trust and investment managers are highly experienced and dedicated to providing services in a very personalized way, with great care and attention to detail.”
Lake City Bank’s Wealth Advisory Group serves both institutional and individual clients. Total trust assets have grown 23.1 percent since the third quarter of 2010.
Kubacki observed, “We believe that this growth is a reflection of our client-driven relationship management strategy. The success of our Wealth Advisory Group is a natural extension of the overall performance of Lake City Bank and is a result of working with our clients to grow their investment portfolios.
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. A 46th office in Fishers, Indiana is expected to open in late 2013.
Lakeland Financial Corporation may be accessed on the home page of its subsidiary, Lake City Bank, at www.lakecitybank.com.