42 years of banking enough for Les Arndt

When Les Arndt moved to Lake City Federal from Lake City State Bank in 2001, several of his old customers, farmers, followed him over.

Lake City Federal, traditionally a mortgage lender,  had been expanding its loan portfolio into business and personal loans but not into agriculture.

Until customers started showing up.

“We’d better get into ag lending,” Lake City Federal President Bruce Carlstrom recalled saying then.

Les developed the bank’s ag lending program and off they went.

 


Want to read the full article? Full access to lakecitygraphic.com is only $52 per year. If you live in Goodhue or Wabasha County, you'll receive the print edition in the mail each week at no additional charge. To begin, fill out the form below. Already a subscriber? Log in or request an account below.

User login

The Lake City Graphic

graphic@lakecitygraphic.com
Ph: 651-345-3316 (M-Tu 8am-4pm, W-Th-F 8am-3pm)
Fax: 651-345-4200
P.O. Box 469
111 South 8th Street
Lake City, MN 55041

ISSN 2994-1059 (print)  ISSN 2994-1067 (online)