WARSAW, IN / ACCESSWIRE / March 7, 2016 / Lake City Bank announced that it will partner with R.C. Giltner Services, Inc. to deploy a new digital lending technology platform for small businesses and consumers this spring.
This platform allows Lake City Bank to provide loans to small businesses and consumers in minutes online via a computer or mobile device. Lake City Bank will begin offering the product to businesses and consumers in the second quarter of 2016.
"We are known as a leader in delivering technology-driven solutions to our customers, and adding mobile lending helps us provide a solution that our customers can access whenever and wherever it's convenient," said Kevin Deardorff, Executive Vice President, Retail Banking. "After watching the emerging digital lending space closely and evaluating options during 2015, we believe we've found the best solution for our lending strategy."
According to Greg Schreacke, CEO of R.C. Giltner Services, Inc., "Lake City Bank is focused on providing superior service experiences to the families and businesses of Indiana. We're pleased to partner with the bank to offer our cloud-based digital lending solution to their customers."
R.C. Giltner's solution is unique in the industry in that it allows banks to maintain control of the lending process from underwriting through delivery. While the tool is customized to match processes and parameters set by the bank, the scope of the program can also be set to fit market opportunities that vary by bank. In addition to the convenience factor of obtaining a loan via a mobile device, loans are delivered at a significantly lower cost.
About Lake City Bank
Lake City Bank, a $3.8 billion bank headquartered in Warsaw, Indiana, is the fourth largest bank in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 48 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary of Lakeland Financial Corporation (NASDAQ: LKFN). For more information visit www.lakecitybank.com.
About R.C. Giltner
R.C. Giltner provides digital lending technology to financial institutions and is headquartered in Louisville, Kentucky. For more information, please contact Robert C. Giltner at 502-640-1989 or bgiltner@rcgiltner.com.
SOURCE: Lake City Bank
