Lake City Bank Receives Dual Bank On Account Certification from Cities for Financial Empowerment Fund
01 Mars 2023 - 3:00PM
Lake City Bank’s Essential Checking and Getting Ahead Checking
accounts were recently certified by the national Cities for
Financial Empowerment Fund (CFE Fund) as meeting the 2023-24 Bank
On National Account Standards. The account standards designate
features that ensure low cost accounts with high functionality and
consumer safety.
Essential Checking is the bank’s newest addition to its personal
checking account lineup and features a low monthly maintenance fee
of $5, no overdraft or nonsufficient fund fees, access to Lake City
Bank Digital and FDIC insurance. Getting Ahead Checking is
available to customers through the bank’s Getting Ahead Loan
program, launched in 2009, which is designed to help customers
establish good credit history. Getting Ahead Checking has similar
features to Essential Checking.
“We’re proud to offer our customers many choices when it comes
to managing their money,” said Stephanie R. Leniski, Senior Vice
President, Chief Retail Banking Officer. “Essential Checking is the
latest addition to those options in our personal checking account
lineup and we’re thrilled to have the Bank On certification for
this new account and our Getting Ahead Checking.”
Bank On certification helps ensure that everyone has access to
safe and affordable financial products and services. The Bank On
National Account Standards identify critical product features for
appropriate bank or credit union accounts, making it easier for
local coalitions across the country to connect consumers to
accounts that meet their needs.
“As a community bank, we’re committed to providing customers
with innovative products and services they need. Adding Essential
Checking to our personal checking account mix and adjusting Getting
Ahead Checking to meet the Bank On standards underscores our
commitment,” said David M. Findlay, President and Chief Executive
Officer.
Learn more about Essential Checking by dropping in to any of
Lake City Bank’s 52 branch offices or online on
lakecitybank.com.
“The CFE Fund is delighted to award its national Bank On account
certification to Lake City Bank’s Essential Checking and Getting
Ahead Checking accounts,” said Jonathan Mintz, President and Chief
Executive Officer of the CFE Fund. “These accounts offer Northern
and Central Indiana residents who are looking to improve their
finances a safe, affordable, and truly useful mainstream banking
product to access and manage their money. Lake City Bank’s offering
of these terrific accounts brings them into the forefront of
national banking access efforts, and we thank them.”
Lake City Bank, a $6.4 billion bank headquartered in Warsaw,
Indiana, is the sixth largest bank headquartered in the state, and
the largest bank 100% invested in Indiana. Lake City Bank operates
52 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 Global Select/LKFN). For more
information visit lakecitybank.com.
About the Cities for Financial Empowerment Fund (CFE
Fund)The CFE Fund supports municipal efforts to improve
the financial stability of households by leveraging opportunities
unique to local government. By translating cutting edge experience
with large scale programs, research, and policy in cities of all
sizes, the CFE Fund assists mayors and other local leaders to
identify, develop, fund, implement, and research pilots and
programs that help families build assets and make the most of their
financial resources. The CFE Fund is currently working in over 100
cities and counties, and has disbursed over $59 million to local
governments and their partners to support these efforts. For more
information, please visit www.cfefund.org or follow us on Twitter
at @CFEFund.
About Bank On Bank On coalitions are
locally-led partnerships between local public officials; city,
state, and federal government agencies; financial institutions; and
community organizations that work together to help improve the
financial stability of unbanked and underbanked individuals and
families in their communities. The Bank On national initiative
builds on a grassroots movement of over 90 coalitions in cities
across the country, offering national account standards, capacity
grant support, pilot funding, and a learning community. In addition
to connecting unbanked individuals to accounts, Bank On programs
raise public awareness, target outreach to the unbanked, and expand
access to financial education. Visit www.cfefund.org/bankon for
more information or follow the conversation on Twitter @CFEFund
#BankOn.
ContactMary HoranDirector of Marketing and
Public Relations574 371-9280 office574 377-9150
mobilemary.horan@lakecitybank.com
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