Risk & Business Magazine Nesbit Agencies Spring 2020 | Page 4

LAKEVIEW BANK SPOTLIGHT
Keeping It Local:
FROM LAKEVILLE TO LAKEVIEW
L
akeview Bank opened for
business on July 8, 2004, as
a commercial bank with a
fundamental driving desire:
to serve the financial needs
of the residents in the communities it
serves and to improve the quality of life
in those communities. Lakeville, like
virtually any area in the United States,
has its fair share of banks. Those banks
have agendas all their own, but few (if
any) of them are entirely devoted to the
Lakeville community in the way that
Lakeview is.
Since Lakeview first opened its doors,
the United States has gone through
many economic ups and downs,
including one of the worst economic
stretches in history. The effects of the
4
Great Recession were felt by businesses
throughout market sectors, but it had
an especially large impact on new and
independent businesses.
The fact that the bank began in 2004
and still managed to survive—even
through the significant hardship of the
Great Recession only a few years after
the business opened—is a testament to
the determination and tenacity of not
only the Board of Directors and Lakeview
staff but also the Lakeville community at
large. The experience and lessons learned
during those years may have come at
a painful cost, but they are also what
helped make Lakeview Bank what it is
today: a profitable and growing asset to
the community.
The Lakeview Bank Board of Directors
is composed of people who live and work
in the area. Keeping the roots localized
allows the vision and leadership of the
bank to keep the best interests of the
community in mind. Additionally, at
the insistence of the Board, the bank is
primarily managed and staffed by local
banking professionals who also live in
the area. With local roots, local staffing,
and a call to help the community, the
difference between Lakeview Bank and
other banks is noticeable, particularly
when compared with some of the larger
national banks that service the area.
The key differentiation between
Lakeview Bank and its competitors is the
combination of its corporate philosophy
and core values. Customers are the most