You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to 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.


  • US prices for homes lose steam
    WASHINGTON – U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale.The Standard & Poor’s/Case-Shiller 20-city home price index rose 6.
  • PayPal, eBay going their separate ways
    NEW YORK – PayPal’s impending split from longtime partner eBay Inc. will ratchet up its appeal to online retail competitors such as and give it the freedom to aggressively take on new mobile pay challenger Apple Pay.
  • Windows makes leap to 10
    SAN FRANCISCO – The next version of Microsoft’s flagship operating system will be called Windows 10, as the company skips ver­sion 9 to emphasize advances it is making toward a world centered on mobile devices and Internet

Lake City parent reports record quarterly earnings

Lakeland Financial Corp. today reported record first-quarter earnings of $8.6 million, or 52 cents per diluted common share, a 45 percent increase from the $6.0 million, or 37 cents a share, posted for the same three months of 2011.

The Warsaw-based parent of Lake City Bank also approved a 10 percent increase in its quarterly dividend payment, to 17 cents a share, payable May 7 to stockholders of record as of April 25.

Michael Kubacki, chairman and CEO, said the increased dividend reflects the company’s strong balance sheet and optimistic outlook.

“We entered 2012 with strong earnings momentum and delivered an excellent first quarter for our shareholders,” he said in a statement. “We’re excited by the growth we’ve experienced in the Indianapolis market, and our northern Indiana markets continue to provide good potential for expanded market share opportunities as our regional economy continues to rebound.”