MENTOR, OH, April 4, 2014 – At their March 18, 2014 meeting, the Board of Directors of Lake National Bank in Mentor, declared a cash dividend of $0.10 per share for the Bank’s Common Stock.
Shareholders of Record as of March 18, 2014 were eligible for the dividend payment that occurred on March 31, 2014, in the form of cash, based on the outstanding stock balance.
“The continued strength and growth of Lake National Bank has given us the opportunity to reward our shareholders for their confidence and investment in Lake County’s Bank,” said President Andrew L. Meinhold.
If you have any questions concerning the dividend payment, please contact Andrew L. Meinhold, President, at (440) 205-8100.
About Lake National Bank
Lake National Bank was founded in 2005 and is Lake County’s only locally owned and operated bank. Lake National Bank offers a full line of retail and commercial banking services, including online banking, bill pay and remote deposit. In addition, customers can utilize the bank’s telephone banking system and 24‐hour access to its free Money Pass ATM system. Focused on its customers, Lake National Bank is a privately held financial institution headquartered in Mentor, Ohio.
This notice contains forward-looking statements that are subject to risks and uncertainties including, but not limited to, the effects of economic market conditions on demand for Lake National Bank’s products, legislative or regulatory developments concerning the national banking system, competitive forces and other risks. The forward-looking statements speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Lake National Bank undertakes no obligation to update any such statements.