June 13, 2001
LAKELAND FINANCIAL AND LKE CITY BANK ANNOUNCE APPOINTMENT OF BOARD MEMBER
Warsaw, Indiana (June 13, 2001) - Lakeland Financial Corporation (Nasdaq/LKFN) and Lake City Bank, today announced that Donald B. Steininger has been appointed to their respective Board of Directors.
Mr. Steininger, age 58, is the President of Steininger Development Corporation, a commercial real estate development company headquartered in Fort Wayne, Indiana. He is currently a member of the Board of Directors of the following organizations: Fort Wayne Community Foundation, Anthony Wayne Services and The United Way of Allen County, where he also served as the 2000 Campaign Chairman. In addition, he has served on numerous other boards in the Fort Wayne community.
Michael L. Kubacki, President and Chief Executive Officer, commented on the appointment, "We are pleased to have a business and community leader of Don's caliber join our boards. Through his active involvement in a variety of professional and civic organizations in Northern Indiana, he has built an outstanding reputation. We believe that Don will provide us with thoughtful guidance and support that will help us to continue our growth, particularly in the growing Ft. Wayne metropolitan market."
Lakeland Financial Corporation is a $1.1 billion bank holding company headquartered in Warsaw, Indiana. Lake City Bank has 44 branches located in the following Indiana counties: Kosciusko, Elkhart, Allen, St. Joseph, Cass, Fulton, Howard, Huntington, LaGrange, Marshall, Miami, Noble, Pulaski, Whitley and Wabash. Lake City Bank provides a diversified offering of financial services, including business and personal banking needs, brokerage services, and trust & investment needs.
Lakeland Financial Corporation may be accessed on its home page at www.lakecitybank.com. The Company's common stock is traded on the Nasdaq Stock Market under "LKFN". Marketmakers in Lakeland Financial Corporation common shares include Stifel Nicolaus & Company, Raymond James & Associates, Inc., McDonald Investments, Inc. and First Tennessee Capital Markets.
The Company's fixed rate cumulative trust preferred securities are traded on the Nasdaq stock market under the symbols "LKFNP". The annual rate on the fixed rate securities is 9.0%.
| 
