Lake City Bank Story

A New Millennium

/wp-content/uploads/8.0-Y2K.jpgBy the time the world prepared for a new millennium, computing had become a mainstay in the business world. Transactions were being conducted faster than ever and with increasing complexity. Computing got personal, too - by the late 1990s, the number of U.S. homes with personal computers neared 50 percent, and the rise of the internet only made them more popular. A wealth of possibility fueled the economy.
The year 2000 meant more than simply flipping a calendar page. The dates in computer programs used only two digits for the year, putting date-based activities at risk. Years in the 2000s might be read as the 1900s. For banks, this would affect everything from interest rate calculations to account balances.
Lake City Bank upgraded hardware and software to adapt to a four-digit year. In the process, it became stronger and better positioned for growth. With recent deregulation that allowed more geographic expansion, Lake City Bank could now touch more communities than ever.
Read more about these years in our stories.

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