You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Apprentice slots open with union
    Plumbers & Steamfitters Local 166 will host an “Industry Advancement and Apprenticeship Promotion” event from today through Friday at the union's offices, 2930 W. Ludwig Road.
  • Non-bank ATM fees jump
    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.
  • Non-bank ATM fees jump
    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.The average fee for using an out-of-network ATM climbed to a new high of $4.
Advertisement

Lake City parent's quarterly earnings up 22%

Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

The Warsaw-based holding company for Lake City Bank did not set aside money for the fund that covers bad loans in either second quarter.

David Findlay, president and CEO, is bullish on the economy and the company's role in it.

"The best way for Lake City Bank to support economic expansion in our Indiana markets is to continue to make loans to local businesses," he said in a statement. "We've grown loans by $138 million through the first six months of 2014 and are encouraged by the improving strength of the economy in our markets."

sslater@jg.net

Advertisement