WARSAW, IND. (April 27, 2007) – Lake City Bank announced the company is investing in Ivy Tech Community College-Warsaw’s future as an educational leader in the community. Lake City Bank Chairman, President and CEO Michael L. Kubacki said the bank will invest $25,000 in Ivy Tech’s capital campaign to raise $2.8 million for land acquisition, equipment and technology for a new campus in Warsaw.

"Lake City Bank is pleased to make this investment for Ivy Tech’s new, permanent campus in Warsaw. We see our partnership with Ivy Tech as a continuation of our long tradition of giving back to our local communities. As a leading provider of financial services to local businesses, we feel it is only natural to support efforts to develop a skilled local workforce since it ultimately contributes to the success of the businesses and communities that we serve."

According to Ivy Tech-Warsaw Executive Dean Randy Maxson, “Both Ivy Tech and the Warsaw community are fortunate to have businesses like Lake City Bank that believe an investment in higher education pays rich dividends.   It’s this spirit of partnership that is moving Ivy Tech-Warsaw to something it’s never had – a permanent home.  We are grateful not only for Lake City Bank’s generous financial support, but also for their commitment to making a positive impact on the community.”

Ivy Tech has had a presence in the community since the late 1970s, but always in a borrowed or leased space.  The lease for the current main facility at 3755 Lake City Highway will end in 2012.  The college recently began a capital campaign in response to the community’s need for a new, permanent campus in Warsaw

Once Ivy Tech acquires the land, college officials and community members will pursue securing state funding for the “bricks and mortar” of the new campus.  The new campus will serve Kosciusko County and surrounding communities. Current plans are to fold programs at the main campus and the Ivy Tech Orthopedic and Manufacturing Training Center, which opened in October 2006 at 980 Executive Drive, into the new campus.

Lake City Bank is a publicly traded, locally managed Indiana bank with assets of $1.8 billion and has been in continuous service in Indiana since 1872. Lake City Bank has 43 offices located in the following Indiana counties: Kosciusko, Elkhart, Allen, St. Joseph, DeKalb, Fulton, Huntington, LaGrange, Marshall, Noble, Pulaski and Whitley.  The bank also serves the Indianapolis market through a loan production office. More information about Lake City Bank may be found at www.lakecitybank.com.

Ivy Tech Community College is the state’s second largest public post-secondary institution with over 100,000 students enrolled annually.  Ivy Tech has 23 campuses throughout Indiana.  It serves as the state's engine of workforce development, offering affordable degree programs and training that are aligned with the needs of its communities, along with courses and programs that transfer to other colleges and universities in Indiana.  It is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools. More information about Ivy Tech can be found at www.ivytech.edu.