Posts Tagged ‘Lake City Bank’

M. Scott Welch Joins Patrick Industries Board

April 8th, 2015 Comments off

m_scott_welch__welch_packaging_and_patrick_board__insideindiansbusiness__creditMHProNews has learned from PRNewswire that M. Scott Welch has been appointed to the Board of Directors of Patrick Industries, Inc. (NASDAQ:PATK), an Elkhart, Indiana-based major component supplier to the manufactured housing and recreational vehicle industries. Welch is the President and CEO of Welch Packaging Group, one of the largest independently owned industrial corrugated packaging companies in the nation, also based in Elkhart.

Welch is on the board of Lakeland Financial and Lake City Bank. A 1982 graduate of DePauw University in Greencastle, IN, he and his wife donated $5 million to DePauw for a fitness center in 2012.

Patrick manufactures a variety of building products, cabinetry, fixtures and furnishings through locations in ten states. ##

(Photo credit: insideindianabusiness–M. Scott Welch)

matthew-silver-daily-business-news-mhpronews-com  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

Is the Recovery Spinning Down?

April 5th, 2012 Comments off

The etruth in Elkhart County, Indiana says business leaders are cautiously optimistic about the future given business expansion and new jobs, but concerns remain about the increase in fuel costs that ultimately will be passed on to consumers that could drag the economy back down. Despite the 12.1 percent unemployment rate in this northern Indiana area that is home to numerous manufactured housing and recreational vehicle plants, as well as component suppliers, one employer says some jobs go begging because recent applicants work histories indicate they work until they qualify for unemployment and then quit. Another concern, according to Kevin Deardoff of Lake City Bank who has over 30 years in the banking industry, is people who used to pay their mortgage first now pay their credit card first, causing mortgage delinquencies to rise. has learned homeowners who lost jobs became dependent on credit cards during the economic downturn, and realized it takes lenders longer to file foreclosure than to cut off a line of credit.

(Photo credit: Idaho Statesman/Chris Butler)

Heritage Co-CEO Chosen for Bank Board

July 13th, 2011 Comments off

Market Watch reports from Warsaw, Indiana, that Brian J. Smith, Co-CEO of Heritage Financial Group in Elkhart, IN has been appointed to the Boards of Directors of Lakeland Financial Corporation and Lake City Bank.  Trained as a Certified Public Accountant (CPA), Smith has been Co-CEO of Heritage since 2000, and is active in numerous Elkhart community organizations.  Heritage is a land lease community (LLC) owner of over 7,500 home sites, and ranks as the 23rd largest in this year’s Allen Report.

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