David M Findlay Chairman & CEO WARSAW, Ind., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that David M. Findlay, Chairman and Chief Executive Officer, has been named Chairman of the Indiana Bankers Association Board of Directors for 2026. ”The Indiana Bankers Association is one of the premier state banking associations in the country thanks to an engaged membership and an exceptional leadership team at the IBA. The IBA has a proven track record of proactively working with Indi ...

Core Insights - Nu Holdings Ltd. (NYSE:NU) is recognized as one of the 14 most promising fintech stocks to invest in, with a Buy rating reaffirmed by Goldman Sachs analyst Tito Labarta and a price target set at $21 [1] - BofA Securities has raised its price target for Nu Holdings from $16 to $18 while maintaining a Neutral rating, following positive investor meetings that highlighted the company's optimistic outlook [2] - Analysts from BofA Securities believe that Nu Holdings' AI initiatives are driving growth in Brazil and managing risks, marking the extension of the company's first growth curve [3] Company Developments - Nu Holdings has reached a pivotal moment in its operations in Mexico, transitioning from a phase of building to scaling, which represents the second growth curve for the company [3] - The company has applied for a US national bank charter, which BofA Securities suggests could be a transformational opportunity, potentially leading to a third growth curve for Nu Holdings [4] - Nu Holdings operates a fully digital banking platform, providing a wide range of financial services to customers in Brazil, Mexico, and Colombia [5]

Core Viewpoint - PNC Bank is the first major U.S. bank to integrate spot bitcoin access into its digital banking platform through a partnership with Coinbase, potentially marking a significant shift for cryptocurrency in traditional banking [1] Group 1: Company Developments - PNC Bank has partnered with Coinbase to allow private banking clients to trade bitcoin directly within its digital banking platform [1] - This integration eliminates the need for clients to open separate cryptocurrency exchange accounts, streamlining the trading process [1] Group 2: Industry Implications - The move by PNC Bank could signify a tipping point for the acceptance of cryptocurrency within traditional banking systems [1]

Core Insights - Fifth Third Bancorp plans to increase its investment in new branches to $1.9 billion by 2029, significantly up from the $225 million announced in 2018 for 100 new branches in the Southeast [1][2] - The bank is expanding its branch network to include Texas, in addition to previously announced states like Florida, North Carolina, and South Carolina, coinciding with its acquisition of Comerica [2][4] - Fifth Third has reached milestones of 200 branches in Florida and 100 in the Carolinas, with over 1,100 banking centers nationwide [3][4] Investment Plans - The bank's investment will support the addition of approximately 150 locations in Texas by 2029, alongside its existing Comerica branches [4] - In 2025, Fifth Third plans to launch about 50 new locations and enter Alabama, reflecting its aggressive expansion strategy [4] Growth Metrics - Since initiating its Southeast expansion in 2018, Fifth Third has added 172 new locations, upgraded 71 existing branches, and entered 14 new markets [4] - The bank has been recognized as No. 1 among large banks for year-over-year retail deposit growth for two consecutive years [6]

Core Insights - Fifth Third Bancorp plans to increase its investment in new branches to $1.9 billion by 2029, significantly up from the $225 million announced in 2018 for 100 new branches in the Southeast [1][2] Expansion Plans - The bank has expanded its branch plans to include Texas, in addition to previously announced states such as Florida, North Carolina, and South Carolina [2] - Fifth Third aims to add 150 locations in Texas by 2029, which will complement Comerica's existing footprint as the bank is in the process of acquiring it [4] Current Operations - Fifth Third has reached 200 branches in Florida and 100 in the Carolinas, with over 1,100 banking centers nationwide [3] - Since launching its Southeast expansion in 2018, the bank has added 172 new locations, upgraded 71 existing ones, and entered 14 new markets [4] Future Growth - In 2025, Fifth Third plans to launch approximately 50 new locations and enter Alabama as a new state [4] - The bank has been recognized for its retail deposit growth, ranking No. 1 among large banks for the second consecutive year [6]

Core Insights - Tangerine Bank has entered a ten-year agreement with Engine by Starling to develop a new digital banking platform for over two million Canadian customers [1][5] - The partnership aims to enhance client experience by transitioning Tangerine's core banking system to Engine's cloud-native platform [1][4] Technology and Features - The new platform will support various banking services including digital onboarding, chequing accounts, savings, overdrafts, debit cards, and money management through a mobile application [2] - Engine by Starling will provide technology and a dedicated team in Toronto to assist Tangerine in delivering improved digital services [2][4] Operational Efficiency - The platform is designed to consolidate account views and support tools for Tangerine's employees, focusing on reducing operational costs and complexity [2] - Engine's core banking system allows for rapid innovation and a quicker time-to-market for new products and features [4][6] Strategic Importance - This agreement marks a significant milestone for Engine by Starling, being their largest deal to date and highlighting their scalable and adaptable technology [6] - Tangerine is Engine's first client in North America, indicating Engine's strategy for international growth and capability development [5][6]

Core Insights - SoFi Technologies has evolved from a student loan provider to a comprehensive financial services provider with a digital-first model, gaining wider brand recognition over the years [1][2] Company Growth - SoFi has experienced impressive growth, with its customer base expanding from 3.5 million at the end of 2021 to 11.7 million by June 30, indicating a strong user experience and product offering [4] - The company's revenue grew by 43% year over year in Q2 on a GAAP basis, and it is projected to achieve an adjusted net income of $370 million in 2024, reflecting a 63% increase [5] Future Outlook - Looking ahead to 2035, SoFi is expected to grow significantly, focusing on innovation and product enhancements to increase its customer base, revenue, and earnings [6] - The CEO has expressed a vision for SoFi to become a top 10 financial institution, indicating a long-term strategy to capture increasing market opportunities [7] Market Positioning - SoFi has successfully introduced new products and services to meet diverse customer needs, with potential plans to move upmarket and target commercial clients in the future [8][9]

Core Points - Lake City Bank opened its newest branch in Westfield, Indiana, on September 2, 2025, marking the bank's 55th office overall and ninth in the Indianapolis Region [1][2] - The new branch is located at 170 Jersey St. within The Union at Grand Junction development, which includes apartments, retail and office space, restaurants, and public parking [2] - The bank's community banking model emphasizes building long-term customer relationships while providing technology-forward solutions for retail and commercial clients [7] Company Overview - Lake City Bank is a $7 billion bank headquartered in Warsaw, Indiana, founded in 1872, serving Central and Northern Indiana communities with 55 branch offices and a robust digital banking platform [7] - The bank is the single bank subsidiary of Lakeland Financial Corporation, listed on Nasdaq Global Select under the ticker LKFN [8] Management and Community Engagement - Stacy R. Oswald, Vice President and Retail Banking Officer, has moved to the Westfield office from the Fishers office and has 23 years of experience in financial services [4] - The bank aims to expand its relationships in Westfield and engage with the community, reflecting its commitment to local economic development [2][3]

Group 1 - Nu Holdings Ltd. (NYSE: NU) has experienced a 10% increase following its Q2 earnings report, returning to yearly highs previously reached multiple times [1] - The company is a digital banking platform based in Brazil, showing rapid expansion across South America [1]

Company Overview - Lake City Bank is a $6.9 billion bank headquartered in Warsaw, Indiana, founded in 1872, serving Central and Northern Indiana communities with 54 branch offices and a robust digital banking platform [4] - The bank operates as the single bank subsidiary of Lakeland Financial Corporation, listed on Nasdaq Global Select under the ticker LKFN [4] Leadership Recognition - David M. Findlay, Chairman and CEO of Lake City Bank, has been named to the Indianapolis Business Journal's Indiana 250 list for the fourth consecutive year, recognizing influential leaders in various sectors [1][2] - Findlay expressed honor in being recognized alongside other impactful leaders, highlighting the strength of leadership in Indiana [2] Community Engagement - Findlay is actively involved as a board member in several organizations, including the Indiana Bankers Association, Indiana Chamber of Commerce, and Parkview Health, among others [3]