Indianapolis – Governor Mike Pence today named Michael Kubacki to the Indiana Economic Development Corporation (IEDC) Board of Directors.
“Michael Kubacki is a leader in Hoosier business,” said Governor Mike Pence. “Michael is a longtime Hoosier and his work as Lake City Bank’s CEO and now as its chairman exemplifies his commitment to growing his home state. He’s passionate about continuing to grow our state’s economy, create more great-paying jobs and expand opportunities for every Hoosier, and it’s clear Michael is the perfect addition to the IEDC board. We’re thankful he has agreed to serve Hoosiers in this exciting new capacity as we build upon the successes and strong foundation of the Hoosier state.”
Kubacki serves as chairman of Lake City Bank and its holding company, Lakeland Financial Corporation. Based in Warsaw, Indiana, Lake City Bank operates offices throughout the northern and central regions of the state and is the largest bank with all of its investments in Indiana. Serving as the bank’s chief executive officer from 1999 to 2014, under Kubacki’s leadership Lake City Bank opened offices in South Bend, Fort Wayne and Indianapolis and grew its assets from $1 billion to $3.2 billion. With market share growth of nearly 500 percent, Kubacki helped make Lake City Bank one of the highest-performing banks of its size in the country.
In 2014, the Indiana Chamber of Commerce named Kubacki the state’s Business Leader of the Year. The designation followed previous honors, including Community Banker of the Year by American Banker in 2011 and Best Value CEO by Greater Fort Wayne Business Weekly in 2006.
Kubacki also serves on the boards of the Indiana Chamber of Commerce (where he is a past chairman), the Indiana University South Bend School of Business Advisory, the LaCasa Business Advisory, the Indiana Chapter of the Nature Conservancy, the Indianapolis Museum of Art and the Indiana Society of Chicago.
“Throughout my career in banking, I’ve witnessed the impact a successful business can have on its community and its state,” said Kubacki. “As the newest member of the IEDC board, I’m committed to working with Governor Pence and the team at the IEDC to continue building upon our state’s incredible economic momentum, with more Hoosiers now working than ever before. Today in Indiana we’re witnessing massive growth in life sciences, aerospace, agribusiness and technology, which is attracting jobs that are increasing Indiana’s average wage, and that’s an effort I’m honored to join.”
Kubacki is a graduate of Indiana University and earned an MBA from the University of Chicago. He resides in Syracuse, Indiana, with his wife, Rebecca, and has two children and two grandchildren.
He replaces former IEDC board member Bob Taylor, who retired from Do it Best Corp. in January, and will serve the remainder of his four-year term, which expires in March 2017.