In a statement, Ash Brokerage CEO Tim Ash said “Lake City Bank's commitment to our headquarters project is an important step forward. As our financial partner, the bank's approval of this loan will provide us with the capital to bring this facility to reality. We're also excited to have Lake City Bank as the anchor tenant in the retail portion of the development. The bank's decision is a reflection of the growing vibrancy of downtown Fort Wayne.”
Michael L. Kubacki, chairman and CEO of Lake City said that since establishing its first Fort Wayne office in 1998, the bank’s Allen County deposits have grown to more than $600 million.
“With more deposits in Allen County than any other Indiana-based bank, developing an office downtown is a natural extension of our success in the market .. . . We're looking forward to playing a role in the
continued growth of Fort Wayne,” stated David Findlay, president and chief financial officer.
The new bank office, which is expected to occupy approximately 4,000 square
feet of the 20,000 square feet of first-floor space, will be home to a full-service retail office, including a drive through, and will include office space for the bank's Commercial Banking Department, Lake City Bank Investment and Wealth Advisory Group, providing access to every commercial and retail product that the bank.
Lake City Bank is a $3 billion bank headquartered in Warsaw, with 45 branches in 13 Indiana counties.