Lake City Federal Bank

Balow joins Lake City Federal board

Feb 10, 2021

Lake City Federal Bank has announced the addition of Dawn Balow to its Board of Directors. “Given Dawn’s education, work experience and service to the community, Lake City Federal Bank is glad that Dawn accepted its invitation to join the Board,” the bank said in a news release Other board...

Salvation Army bell ringers shatter old fundraising total

Jan 6, 2021

Here is some good news to begin the New Year! The public response to those ringing for the Salvation Army during the 2020 Christmas Season was tremendous! Local collections in the bucket at Fiesta Foods totaled $9,138.32. The amount obliterated the previous annual high of $3,610.50. I wish we (...

Bank originated over $650,000 in PPP loans

Dec 16, 2020

Lake City Federal Bank (LCFB) has announced that it assisted 42 farmers, sole proprietor business owners, and other small business entities through the U.S. Small Business Administration’s (SBA) Payroll Protection Program (PPP). PPP loans originated through LCFB totaled $650,424. The SBA has...

Bank’s casual Fridays  benefit Lake City Food Shelf

Dec 9, 2020

Lake City Federal Bank President Jim Mack (left) presented a check for $565 payable to the Lake City Food Shelf to food shelf volunteer Sandy Bendickson. The money was donated by the employees of Lake City Federal Bank. In exchange for their donations, Jim allows the staff to go casual and wear...

Bank employees don green to raise awareness of Mitochondrial Disease

Sep 30, 2020

On Sept. 17, employees at Lake City Federal Bank wore green to raise awareness for Mitochondrial Disease and for Bank’s employee Beth Wolf’s son Nathan who is living with this disease. The third full week of September each year is designated Mitochondrial Disease Awareness Week in Minnesota and...

Bank employees wear purple to support  colleague’s son, raise awareness of eye disease

Mar 4, 2020

On Friday, Feb. 21, the staff of Lake City Federal Bank wore purple in support of Caleb Sorenson, son of their co-worker Mara Sorenson and her husband Tim Sorenson. Caleb has retinitis pigmentosa, which can cause blindness. For more information on retinitis pigmentosa and the opportunity to donate...

Lake City Federal named Community Champion

Feb 26, 2020

Lake City Federal Bank is one of 40 Minnesota banks recognized by The Minnesota Bankers Association (MBA) for their community involvement. Lake City Federal Bank is one of forty Community Champions that worked with hundreds of organizations in their communities, providing funding, volunteers,...

Open house for Carlstrom is Feb. 6

Jan 29, 2020

An open house for outgoing Lake City Federal Bank President and CEO Bruce Carlstrom will be Thursday, Feb. 6, from 8:30 a.m. to 4 p.m. at the bank. Cake and coffee will be served. “Thanks to Bruce for 34 years of great leadership for our community bank. Stop in and hlep Bruce celebrate to moving...

Mack joins Lake City Federal as CEO-in-waiting

Oct 2, 2019

Bruce Carlstrom, president of Lake City Federal Bank, has announced the addition of Jim Mack to its staff. Mack will begin working for the bank on Nov. 18 and will work with Carlstrom until February when Carlstrom leaves the bank to pursue other interests. Mack will become president and chief...

Five for Food exceeds goal in 2019

Apr 10, 2019

Sponsors of the Five for Food Initiative for the Lake City Food Shelf presented a check for $22,239 representing $10,000 in donations from sponsors and $12,639 provided by 1,234 members of the community who contributed $5 or more. Five for Food, the annual initiative of the Greater Lake City...