Lake City Bank Acquires Property in Whitestown, Announces Plan to Convert Building to New Office
Lake City Bank (NASDAQ:LKFN) has announced the acquisition of a property at 6388 Mills Drive in Whitestown, Indiana, which will be converted into a full-service branch expected to open in 2026. This expansion marks the bank's first presence in Boone County and will be its 10th office in the Indianapolis Region since entering the market in 2011.
The property, previously housing restaurants, will undergo renovations to become a modern banking facility featuring a full-service lobby, drive-up banking, and an ATM. The strategic location near Interstate 65 positions the bank to serve both residential and business customers in the growing Whitestown community. Lake City Bank, a $6.9 billion institution headquartered in Warsaw, Indiana, currently operates 54 branch offices across Central and Northern Indiana.
Lake City Bank (NASDAQ:LKFN) ha annunciato l'acquisizione di una proprietà al 6388 Mills Drive a Whitestown, Indiana, che sarà trasformata in una filiale a servizio completo, prevista per l'apertura nel 2026. Questa espansione rappresenta la prima presenza della banca nella Contea di Boone e sarà il suo 10° ufficio nella regione di Indianapolis dal suo ingresso nel mercato nel 2011.
La proprietà, che in precedenza ospitava ristoranti, sarà ristrutturata per diventare una struttura bancaria moderna con un atrio a servizio completo, servizi bancari drive-up e un bancomat. La posizione strategica vicino all'Interstate 65 permette alla banca di servire sia clienti residenziali sia commerciali nella crescente comunità di Whitestown. Lake City Bank, un'istituzione da 6,9 miliardi di dollari con sede a Warsaw, Indiana, gestisce attualmente 54 filiali in tutto il Centro e Nord Indiana.
Lake City Bank (NASDAQ:LKFN) ha anunciado la adquisición de una propiedad en 6388 Mills Drive en Whitestown, Indiana, que será convertida en una sucursal de servicio completo con apertura prevista para 2026. Esta expansión marca la primera presencia del banco en el condado de Boone y será su 10ª oficina en la región de Indianápolis desde que ingresó al mercado en 2011.
La propiedad, que anteriormente albergaba restaurantes, será renovada para convertirse en una moderna instalación bancaria con un vestíbulo de servicio completo, servicios bancarios drive-up y un cajero automático. La ubicación estratégica cerca de la Interestatal 65 posiciona al banco para atender tanto a clientes residenciales como comerciales en la creciente comunidad de Whitestown. Lake City Bank, una institución de 6.9 mil millones de dólares con sede en Warsaw, Indiana, opera actualmente 54 sucursales en el centro y norte de Indiana.
Lake City Bank (NASDAQ:LKFN)는 인디애나주 휘트스타운의 6388 Mills Drive에 위치한 부동산을 인수했다고 발표했으며, 이 부동산은 2026년에 개장할 예정인 풀서비스 지점으로 전환될 예정입니다. 이번 확장은 은행이 부운 카운티에 처음 진출하는 것이며, 2011년 시장 진입 이후 인디애나폴리스 지역에서 10번째 지점이 될 것입니다.
이 부동산은 이전에 식당으로 사용되었으며, 전면 개조를 거쳐 풀서비스 로비, 드라이브업 뱅킹, ATM을 갖춘 현대적인 은행 시설로 탈바꿈할 예정입니다. 주간고속도로 65번 근처의 전략적인 위치 덕분에 성장하는 휘트스타운 지역의 주거 및 상업 고객 모두에게 서비스를 제공할 수 있게 됩니다. 워소 인디애나에 본사를 둔 69억 달러 규모의 기관인 Lake City Bank는 현재 중부 및 북부 인디애나에 54개의 지점을 운영하고 있습니다.
Lake City Bank (NASDAQ:LKFN) a annoncé l'acquisition d'un bien situé au 6388 Mills Drive à Whitestown, Indiana, qui sera transformé en une agence à service complet prévue pour ouvrir en 2026. Cette expansion marque la première présence de la banque dans le comté de Boone et constituera sa 10e agence dans la région d'Indianapolis depuis son entrée sur le marché en 2011.
Le bien, qui abritait auparavant des restaurants, sera rénové pour devenir une installation bancaire moderne comprenant un hall de service complet, des services bancaires drive-up et un distributeur automatique. Son emplacement stratégique près de l'Interstate 65 permet à la banque de desservir à la fois les clients résidentiels et commerciaux de la communauté en pleine croissance de Whitestown. Lake City Bank, une institution de 6,9 milliards de dollars dont le siège est à Warsaw, Indiana, exploite actuellement 54 agences dans le centre et le nord de l'Indiana.
Lake City Bank (NASDAQ:LKFN) hat den Erwerb einer Immobilie in der 6388 Mills Drive in Whitestown, Indiana, bekannt gegeben, die in eine vollwertige Filiale umgewandelt werden soll, deren Eröffnung für 2026 geplant ist. Diese Expansion markiert die erste Präsenz der Bank im Boone County und wird ihre 10. Niederlassung in der Region Indianapolis seit dem Markteintritt im Jahr 2011 sein.
Die zuvor als Restaurant genutzte Immobilie wird renoviert, um eine moderne Bankfiliale mit einem voll ausgestatteten Empfangsbereich, Drive-up-Banking und einem Geldautomaten zu werden. Die strategische Lage in der Nähe der Interstate 65 ermöglicht es der Bank, sowohl Wohn- als auch Geschäftskunden in der wachsenden Gemeinde Whitestown zu bedienen. Lake City Bank, eine 6,9 Milliarden Dollar schwere Institution mit Hauptsitz in Warsaw, Indiana, betreibt derzeit 54 Filialen in Zentral- und Nordindiana.
- Strategic expansion into Boone County, an emerging economic engine in Central Indiana
- Location near Interstate 65 provides convenient access to residential and business customers
- Demonstrates continued growth in Indianapolis Region since 2011, marking the 10th office in the area
- Adds to the bank's existing network of 54 branch offices
- Renovation costs and time investment required to convert restaurant space into banking facility
- Delayed revenue generation with branch opening not expected until 2026
Insights
Lake City Bank's strategic expansion into Boone County with a new branch represents disciplined growth in the high-potential Indianapolis market.
Lake City Bank's acquisition of property in Whitestown for conversion into a full-service branch represents a strategic expansion into Boone County, extending their Indianapolis regional presence to 10 branches. This calculated move follows 14 years of growth in the Indianapolis market since their 2011 entry.
The location's proximity to Interstate 65 and positioning near residential, retail, and industrial zones demonstrates thoughtful site selection aimed at maximizing customer convenience while optimizing market penetration. Converting an existing restaurant building rather than pursuing new construction suggests a cost-efficient approach to physical expansion.
For a
This expansion aligns with their self-described "community banking model" that balances local relationship-building with digital capabilities. By targeting Boone County, described as an "emerging economic engine," the bank is positioning itself in a growth corridor while maintaining its regional focus in Central and Northern Indiana.
While unlikely to significantly impact near-term financial performance, this expansion represents the type of disciplined growth that supports sustainable long-term value creation for a regional banking institution focused on geographic adjacency and market continuity.
WARSAW, Ind., July 17, 2025 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce the acquisition of a property located at 6388 Mills Drive in Whitestown, Indiana. The bank will renovate the existing structure at this location into a full-service branch that is expected to open in 2026, expanding the bank’s footprint into Boone County.
"Lake City Bank has experienced exceptional growth in the Indianapolis Region since opening our first branch in the market in 2011. Boone County represents an emerging economic engine in Central Indiana and we are excited to open our first branch in the county. It will be our 10th office in the region and represents a natural next step in the Indianapolis Region,” said David M. Findlay, Chairman and Chief Executive Officer.
Renovations to the site will begin later this year to convert the building, which has previously housed several restaurants, into a modern banking facility designed to serve both personal and business banking needs. The new branch will feature a full-service lobby, drive-up banking and an ATM.
“This location is ideally situated close to Interstate 65 with nearby residential neighborhoods as well as retail and industrial businesses, providing convenient access for our customers and strategically positioning our bankers to engage the Whitestown community,” said Stephanie R. Leniski, Executive Vice President and Chief Retail Banking Officer. “We look forward to seeing the branch take shape in the coming months and celebrating our grand opening with community members next year.”
Lake City Bank, a
Contact
Luke Weick
Vice President
Marketing Manager
(574) 267-9198 x47279 office
(260) 431-7061 mobile
luke.weick@lakecitybank.com
FAQ
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