Forward Bank

Forward Bank and Lake City Federal Bank have received approval from banking regulators and have merged the two mutual banks on May 3, 2024.

As announced in December, Forward Bank has merged with Lake City Federal Bank and will begin the process of converting systems with minimal interruption to customers’ daily activities. Customers will be contacted by Forward Bank with details in the coming months and will continue to work with the same team of professionals that has been serving the Lake City community for years.

There are no changes in access to digital banking or the existing Lake City Federal Bank website. No action needs to be taken by customers at this time. The most noticeable change will be new signs in front of the office.

“We have reached out to all of our customers with letters letting them know of our intention to join with Forward Bank and have received approval from them in a recent proxy vote,” commented Jeff Coats, CEO of Lake City Federal Bank. “Our ongoing communications with customers and our community include the details of the transition process and how the move to Forward Bank will benefit them.”

“The team at Forward is excited to be part of the Lake City community and begin our outreach specifically to businesses and non-profits,” stated Bill Sennholz, CEO of Forward Bank. “With the guidance of Jeff and his team, we’ll be well on our way to advancing the mission of supporting healthy and successful communities.”