Lake City Bank Announces $12 Million Investment in Innovation and Technology Center
Lake City Bank (NASDAQ:LKFN) has announced a $12 million investment in its Innovation and Technology Center as part of its Downtown Warsaw Headquarters Campus expansion. The 35,600 square foot office building, purchased in 2024, will undergo complete renovation with completion expected by summer 2026.
The facility will serve as a central hub for the bank's Technology Services, Information Security, Application Management, and Project Management teams, with capacity for 110 employees, up from the current 40 team members. This investment adds to Lake City Bank's significant presence in Warsaw, where it currently employs 283 team members downtown, making it the largest downtown employer.
The project continues Lake City Bank's substantial investment in the region, following $23 million invested in Downtown Warsaw and $31 million countywide since 2010. The bank, founded in 1872, manages $7.0 billion in assets and operates 55 branch offices across Central and Northern Indiana.
Lake City Bank (NASDAQ:LKFN) ha annunciato un investimento di 12 milioni di dollari nel suo Innovation and Technology Center nell'ambito dell'espansione del campus della sede centrale nel centro di Warsaw. L'edificio per uffici di 3.307 metri quadrati, acquistato nel 2024, sarà completamente ristrutturato con termine previsto per l'estate 2026.
La struttura fungerà da hub centrale per i team di Technology Services, Information Security, Application Management e Project Management della banca, con capacità per 110 dipendenti, rispetto agli attuali 40 membri del team. Questo investimento si aggiunge alla significativa presenza di Lake City Bank a Warsaw, dove attualmente impiega 283 persone nel centro città, risultando il più grande datore di lavoro del centro.
Il progetto prosegue l'importante impegno della banca nella regione, dopo i 23 milioni di dollari investiti nel centro di Warsaw e i 31 milioni di dollari nell'intera contea dal 2010. Fondata nel 1872, la banca gestisce 7,0 miliardi di dollari in attività e opera con 55 filiali nel Centro e nel Nord dell'Indiana.
Lake City Bank (NASDAQ:LKFN) ha anunciado una inversión de 12 millones de dólares en su Innovation and Technology Center como parte de la ampliación del campus de su sede céntrica en Downtown Warsaw. El edificio de oficinas de 3.307 metros cuadrados, adquirido en 2024, será sometido a una renovación completa con finalización prevista para el verano de 2026.
La instalación servirá como centro para los equipos de Technology Services, Information Security, Application Management y Project Management del banco, con capacidad para 110 empleados, frente a los 40 actuales. Esta inversión se suma a la importante presencia de Lake City Bank en Warsaw, donde actualmente emplea a 283 personas en el centro, siendo el mayor empleador del área.
El proyecto continúa la considerable inversión del banco en la región, tras los 23 millones de dólares invertidos en Downtown Warsaw y los 31 millones de dólares en el condado desde 2010. Fundado en 1872, el banco administra 7.0 mil millones de dólares en activos y opera 55 sucursales en el centro y norte de Indiana.
Lake City Bank (NASDAQ:LKFN)는 Downtown Warsaw 본사 캠퍼스 확장의 일환으로 Innovation and Technology Center에 1,200만 달러를 투자한다고 발표했습니다. 2024년에 매입한 3,307제곱미터(35,600평방피트) 규모의 사무동은 전면 리노베이션을 거쳐 2026년 여름 완공될 예정입니다.
이 시설은 은행의 Technology Services, Information Security, Application Management, Project Management 팀의 중앙 허브 역할을 하며 현재 40명에서 늘어난 110명을 수용할 수 있습니다. 이 투자는 Lake City Bank가 Warsaw 도심에서 현재 283명을 고용하고 있어 도심 최대 고용주인 점에 더해진 것입니다.
이번 프로젝트는 은행이 2010년 이후 도심에 2,300만 달러, 카운티 전체에 3,100만 달러를 투자한 것에 이은 지역에 대한 지속적인 대규모 투자입니다. 1872년에 설립된 이 은행은 70억 달러(7.0 billion)의 자산을 관리하며 인디애나 중부와 북부에 55개의 지점을 운영하고 있습니다.
Lake City Bank (NASDAQ:LKFN) a annoncé un investissement de 12 millions de dollars dans son Innovation and Technology Center dans le cadre de l'extension du campus de son siège au centre-ville de Warsaw. L'immeuble de bureaux de 3 307 mètres carrés, acquis en 2024, fera l'objet d'une rénovation complète, dont l'achèvement est prévu pour l'été 2026.
Le site servira de hub central pour les équipes Technology Services, Information Security, Application Management et Project Management de la banque, avec une capacité de 110 employés, contre 40 actuellement. Cet investissement s'ajoute à la forte présence de Lake City Bank à Warsaw, où elle emploie actuellement 283 personnes en centre-ville, faisant d'elle le plus grand employeur du centre.
Le projet prolonge les investissements importants de la banque dans la région, après 23 millions de dollars investis dans le centre de Warsaw et 31 millions de dollars dans l'ensemble du comté depuis 2010. Fondée en 1872, la banque gère 7,0 milliards de dollars d'actifs et exploite 55 agences dans le centre et le nord de l'Indiana.
Lake City Bank (NASDAQ:LKFN) hat eine Investition von 12 Millionen US-Dollar in sein Innovation and Technology Center angekündigt – Teil der Erweiterung des Hauptsitz-Campus in der Innenstadt von Warsaw. Das 3.307 Quadratmeter große Bürogebäude, 2024 erworben, wird komplett renoviert; Fertigstellung ist für den Sommer 2026 geplant.
Die Einrichtung wird als zentraler Knotenpunkt für die Bereiche Technology Services, Information Security, Application Management und Project Management der Bank dienen und Platz für 110 Mitarbeitende bieten statt der derzeit 40 Teammitglieder. Mit diesem Investment baut Lake City Bank seine bedeutende Präsenz in Warsaw weiter aus, wo sie derzeit 283 Mitarbeitende in der Innenstadt beschäftigt und damit der größte Arbeitgeber dort ist.
Das Projekt setzt die umfangreichen Investitionen der Bank in die Region fort: Seit 2010 wurden 23 Millionen US-Dollar in Downtown Warsaw und 31 Millionen US-Dollar im gesamten County investiert. Die 1872 gegründete Bank verwaltet 7,0 Milliarden US-Dollar an Vermögen und betreibt 55 Geschäftsstellen in Zentral- und Nord-Indiana.
- Investment of $12 million demonstrates strong commitment to technological innovation and growth
- Expansion increases employee capacity from 40 to 110 team members, supporting future growth
- Strategic consolidation of technology teams will enhance collaboration and operational efficiency
- Continued investment in local community with $23 million in Downtown Warsaw since 2010
- Significant capital expenditure may impact short-term financial metrics
- Construction period until summer 2026 could cause temporary operational disruptions
Insights
Lake City Bank's $12M tech center investment strengthens innovation capabilities while expanding its downtown Warsaw headquarters campus.
Lake City Bank's
The renovation will transform a 1968 building into a 35,600 square foot modern facility, expanding capacity from 40 to approximately 110 employees. This
For a
The project continues Lake City Bank's pattern of community investment, having deployed
WARSAW, Ind., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Lake City Bank announced its plans to invest
Construction on the 35,600 square foot office building will begin in early September, with completion of the project expected by summer 2026. Originally constructed in 1968 and purchased by Lake City Bank in 2024, the facility will undergo a full interior and exterior transformation to modernize the space.
“Warsaw has been our home since the bank was founded in 1872 and this project continues our 153-year history of continuous investment in our hometown,” said David M. Findlay, Chairman and Chief Executive Officer. “Today, 283 Lake City Bank team members work in Downtown Warsaw, representing the largest employer downtown. The Innovation and Technology Center will provide our team with space to continue our growth as a progressive, technology-driven community bank.”
The renovated Innovation and Technology Center will support Lake City Bank’s growing teams and serve as a central hub of innovation and collaboration across departments within the bank. The renovated space will have capacity for approximately 110 employees. The building currently hosts 40 team members as part of the bank’s Downtown Warsaw Campus.
“The Innovation and Technology Center will be home to our Technology Services, Information Security, Application Management and Project Management teams. Collaboration among those teams is vital to our continued success in delivering robust technology-driven products and services for our customers. This renovation provides a space specifically designed to foster collaboration and positions us for future growth,” said Findlay.
The Innovation and Technology Center will bring a modern design that fits with the bank’s forward-thinking brand identity and complements the architectural character of Downtown Warsaw. The exterior renovations include the removal and structural repair of the existing brick façade, with the original brick preserved and repurposed for the project.
“Lake City Bank relishes opportunities to repurpose older buildings and bring them back to life with major capital investments, as we have done with all six our existing buildings on our Downtown Warsaw Campus and now with the Innovation and Technology Center,” said Kristin L. Pruitt, President. “We’re eager to get to work on the project and look forward to celebrating its completion with the community next summer as we begin a new chapter in Warsaw with this renovation.”
Lake City Bank, a
Architectural Rendering of Renovated Lake City Bank Innovation and Technology Center:
Contact
Luke Weick
Vice President
Marketing Manager
(574) 267-9198 x47279 office
(260) 431-7061 mobile
luke.weick@lakecitybank.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b24fe341-6863-467f-b406-0d2d19cfef31
FAQ
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