Pruitt elected to Federal Reserve Bank board

The president of Warsaw-based Lake City Bank has been elected to the Federal Reserve Bank of Chicago’s board of directors.

Kristin Pruitt will serve a three-year term, Lake City Bank said in a news release.

“It’s an absolute privilege to serve on the Federal Reserve Bank of Chicago board of directors,” Pruitt said in the release. “I look forward to working closely with the board and leveraging my insights to help strengthen partnerships among financial institutions and continue to build upon our strong Midwest economy.”

The Federal Reserve Bank of Chicago is part of the Federal Reserve System and serves the Seventh Federal Reserve District, which comprises Iowa and most of Illinois, Indiana, Michigan and Wisconsin. A Reserve bank supervises state member banks, bank holding companies and foreign banking organizations, and its nine-member board of directors provide governance and insights on economic conditions.

“The Federal Reserve Bank of Chicago board of directors serves a critical role in our Midwest region, and Kristin will bring valuable economic development and banking perspectives from our diverse Indiana communities to the board,” said David Findlay, Lake City Bank’s CEO and chairman.

Pruitt has served as president of Lake City Bank since 2023. She also serves on the board of Lake City Bank and its holding company, Lakeland Financial Corp. She joined the bank in 2008 as senior vice president and general counsel and was promoted to executive vice president and general counsel in 2014 and to chief administrative officer in 2019.

Pruitt is a member of the board of Northern Indiana Regional Development Authority, Community Investment Fund of Indiana, Community Foundation of St. Joseph County and Boys & Girls Clubs of the Northern Indiana Corridor.

Lake City Bank serves central and northern Indiana with 54 branch offices.