Risk & Business Magazine Nesbit Agencies Spring 2020 | Page 5

LAKEVIEW BANK SPOTLIGHT
important business asset of Lakeview
Bank, and meeting their expectations
and financial needs drives everything
Lakeview does as a bank. To that
end, their mission statement includes
consistent and constant improvement of
financial products, services, and support
that those customers need at a fair price.
Any organization worth its salt is built
upon core values that stand the test of
time and location. For Lakeview, all staff
members have a healthy understanding
of the fundamental values that the bank
was founded upon: integrity, honesty,
respect, putting customer needs first,
adhering to an atmosphere of comfort
and hospitality, and professionalism.
Another differentiator is in the services
that the bank utilizes to conduct its own
business efficiently. Banks, like every
other business, need insurance. That
said, their insurance needs often present
unique challenges that aren’t present
in many other situations. Insurance
is often seen as a commodity, as is the
case with banking. The difference, in
both cases, is the people behind the
companies that are providing the
products.
For their insurance needs, Lakeview
Bank uses Nesbit Agencies. Tom
Mork, president of the bank, knew
Brian Lundquist before Lakeview even
went into business. They met at the
local Rotary Club in 1992 while Tom
was working at a different bank. The
relationship between Nesbit Agencies
and Lakeview Bank mirrors the
relationship between Tom and Brian.
Brian makes the annual renewal process
easy, responding to any questions Tom or
the bank may have on a timely basis and
offering sound suggestions for stronger
risk mitigation when appropriate.
All of the property, casualty, and general
liability insurance that Lakeview carries
is written through Brian. Owning the
building that it operates out of makes
risk management an essential aspect
of doing business for Lakeview. Thus,
for peace of mind in the event that
something unfortunate may happen,
it is essential that the bank carries
adequate coverage in order to be able to
quickly rebuild or repair. Additionally,
when Lakeview acquired a number
of foreclosed real estate properties
following the economic issues in the mid-
2000s, Nesbit Agencies was able to insure
those properties with Brian’s help.
Lakeview Bank is locally owned and
chartered in Lakeville, the only bank
in town that can say that. They were
honored with the Minnesota Business
Ethics Award in 2008, showcasing
their commitment to promoting and
exemplifying ethical conduct. To that
end, they are also committed to donating
three percent of pretax income to
charity in 2020. As part of that pledge,
each employee is given $500 per year to
donate to the charity of their choice and
a full day off (with pay) to allow them to
volunteer at a charitable organization of
their choosing. +
FOR MORE INFORMATION ABOUT LAKEVIEW
BANK, YOU CAN VISIT THEM ONLINE AT
LAKEVIEW-BANK.COM OR CALL 952-892-9700.
Tom Mork
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