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Our Story

Welcome to the Lakeside Family. For more than fifty years, we’ve built relationships.

Internally by giving our employees the authority to make decisions for their clients. Externally by providing our clients with customized service with impressive speed. This combination of responsibility, tailored products and urgency means both personnel and clients stay with Lakeside for decades. Even generations.

Yes, we’re a bank. But it becomes more than business when you work with folks for as long as we do.

 

 

Message From The Chairman

2021 Financial Summary

Dear Shareholders, Clients, Neighbors & Friends,

2021 was another challenging year for us all. The global pandemic continued to disrupt life, impact supply chains and damage the overall economy. Despite the uncertain environment, we accelerated Lakeside’s positive financial track record. We saw opportunities to grow while others hesitated … and took them. As if the last two years plus weren’t enough, as I write this in 2022, we’re in a bear market and inflation is the highest it’s been in 40 years. More challenges. Which we are well positioned to meet.

To begin our review, I’m proud to report Lakeside Bank now stands at ten branches. Our newest, in Park Ridge, opened May 2022. We launched three new branches in 12 months. Oakbrook Terrace and Bridgeport both opened in 2021. It was an incredible effort by everyone. More than a million and a half Chicago area residents now live within two miles of a Lakeside branch. The Power of 10!

Our growth is thanks to our successful business philosophy. Our approach is more than a business “model”. It really is a different way of thinking. Lakeside is 180 degrees different from other financial institutions. And that difference is striking. Lakeside builds significant & beautiful branches, staffing them with professionals from every banking discipline. Retail banking. Business banking. Commercial & Real Estate Loans. Treasury Management. Mortgages. The result: Client banking needs can be met when and where needed. And, crucially, every Lakeside Client has their own Lakeside Banker, building relationships for the long haul. We’ve proven our approach works for over half a century. 

Many financial institutions have reduced their number of branches. Worse, they continue to minimize employee presence in remaining locations. That’s not us. Never will be.

While Lakeside has all the industry leading electronic capabilities, our commitment to true personal service and long-term relationships will always be Lakeside difference makers.

Key Indicators for 2021

Net core earnings of $42.7 million represents a 1.84 return on average assets and a 19.40 return on equity. The year ended with $2.3 billion in total assets, up 7% from year ago. This includes $1.6 billion in total loans. Stockholder equity grew from $211.4 million to $234.1 million. 2021 net operating income totaled $42.7 million. We also released $3.2 million from our significant reserve pool, increasing earnings. As always, our capital ratios remain significantly above “well capitalized” levels.

Notable 2021 Achievements

Working together with our clients, the bulk of the $180MM in PPP (Paycheck Protection Program) loans we helped secure were forgiven. Lakesiders stepped up to create lifelines for our clients during the shutdowns. We secured loans when the big banks couldn’t get funds to their customers. The effort of our entire team, right up through the top officers of the bank,
was amazing.

Lakesiders returned to the bank full-time. We also established a new, staggered, remote work policy to provide flexibility while assuring all departments, positions and branches are fully covered. We’ve managed this transition well. Our team is happy; there was no “great resignation” at Lakeside!

We enhanced our banking system. There are both internal and client benefits. Internally, we have easier applications and greater ability to cross-reference information. From the outside, clients will enjoy “new & improved” areas. Examples include:

*Our system will now be “real time”. Meaning instant visual availability of deposited items through Internet Banking.

*The teller line will now provide e-receipts.

*Our monthly statements are easier to read and use.

*We’re also pleased to announce we now feature Zelle, the leading P2P (person to person) program. This will make transferring funds to or from other people easy.

The changes were a major effort by multiple departments. The transition was successful, and the new system went live April 2022.

Treasury Management grew, doubling its production year over year. To strengthen the department, we added an additional Specialist in November plus an internal Implementation Support Specialist early in 2022.

To provide even stronger programs for our clients, Lakeside key payment and collection channels now include increased Same Day ACH limits plus expanded processing windows to allow ACH transactions to post more quickly in recipient accounts.

The Residential Mortgage Department had another record year in 2021. The low available inventory was a challenge, but by building and maintaining solid relationships throughout the real estate industry, the team increased their closed number of units and dollars funded. Sales, marketing and quality internal processing kept everything moving.

Our 2021 Marketing saw us increase our communication efforts in the city and provide extensive, integrated, media support for the Oakbrook Terrace and Bridgeport launches. Thanks to that sustained support, and powerful product specials, both branches had an excellent start and finished the year substantially ahead of goal. Our 10 th and latest branch, Park Ridge, was
under construction in 2021 and opened May 2022. Park Ridge has already exceeded its goal for the entire calendar. (We may have to start setting higher goals!)

We continue to strengthen our Chicago wide marketing presence but have also provided significant resources to support individual branches. That “city wide, locally deep” approach has worked well.

As noted, the 2022 stock market losses and inflationary pressures are challenges we’ll face this year. We’re confident our conservative financial profile will protect the bank and allow us to serve our clients. Having Lakeside on your side during times like these is essential!

Sincerely,

Philip D. Cacciatore
Chairman & Chief Executive Officer
Lakeside Since 1999

Mission Statement

Lakeside Bank is a leading, independent community bank that specializes in serving small and medium sized businesses in Chicago. By applying vigilance and utilizing superior business intelligence, we seek to create, identify and serve niche markets consistent with our expertise. We are committed to provide personalized service beyond the expectations of our customers by developing and leveraging close, long-term relationships. We will optimize shareholder value. We retain a knowledgeable employee base and strive to provide a fulfilling and supportive environment.

Our History

For over half a century, Lakeside Bank has grown community-by-community. By nurturing and remaining loyal to the businesses and consumers in our neighborhoods, we’ve always been financially strong. Beginning in 1966 in the South Loop, we now have ten branches and assets over $2.4 billion. We’ve grown carefully and responsibly, one client, one neighborhood, at a time.

Bank Officers

Lakeside Bank has an outstanding core of career Bank Officers that are dedicated to the goal of assuring that you and your business have an exceptional banking experience. With an average tenure of 19 years at Lakeside Bank, our Officers’ comprehensive banking expertise results in our ability to focus on customer care, utilize technology to make the banking process easier, provide quick loan approvals and closings, solve problems quickly and operate the bank in an effective and secure manner.

We encourage you to contact one of our Officers to discuss the many advantages of Lakeside Bank.

Philip D. Cacciatore Chairman of the Board & Chief Executive Officer
David V. Pinkerton Vice Chairman & President
Stan J. Bochnowski Executive Vice President & Chief Lending Officer
Todd G. Monte Executive Vice President & Chief Financial Officer
Daniel Welz Executive Vice President & Chief Operating Officer
Jeff W. Miller Senior Vice President & Chief Information Officer
Alan L. Rose Senior Vice President & Chief Marketing Officer
Tim Savoca Senior Vice President & Chief Credit Officer
Joshua Coburn Senior Vice President, Commercial Lending
Michael Fogarty Senior Vice President, Commercial Lending
Ken Kosin Senior Vice President, Commercial Lending
James McGrogan Senior Vice President, Commercial Lending
Pat McNulty Senior Vice President, Director of Human Resources
Tim Millins Senior Vice President, Retail Network
Justin Newhuis Senior Vice President, Commercial Lending
Matthew Palmisano Senior Vice President, Director of Treasury Management
Janet Rendon Senior Vice President, Loan Administration
Nicholas Wycklendt Senior Vice President, Commercial Lending
Allan Adaya Vice President, Market Manager
Erik Ambrus Vice President, Market Manager
Maria Baez Vice President, Retail Support Officer
Grace Demes Vice President, Market Manager
Angela Florida Vice President & Market Manager
Anthony Fong Vice President & Controller
Susanna L. Fong Vice President & Branch Manager
Lisa Formanski Vice President & Compliance Officer
Tim Hangsterfer Vice President, Commercial Lending
Roman Hernandez Vice President, Market Manager
Robert Hollis Vice President & Retail Branch Sales Manager
John Jasinski Vice President, Business Banker
Ania Kozak Vice President, Market Manager
Juanita Lazzerini Vice President, Retail Mortgage Loan Operations
Jennifer (Tian) Lee Vice President, Commercial Lending
Christopher Manley Vice President, Commercial Lending
Robert Matijevich Vice President, Commercial Lending
Tara Nerko Vice President, Market Manager
Todd Probasco Vice President, Retail Mortgage Sales Manager
John H. Rogers III Vice President, Market Manager
Aniceto Ron Vice President, Information Systems & Sr. Network / Systems Engineer
Angela Villegas Vice President, Retail Branch Liaison
Fanny Yuen Vice President & Assistant Branch Manager
Dalia Balciunas Assistant Vice President, Loan Documentation
Daniel Bles Assistant Vice President, Commercial Lending
Jonathan Demas Assistant Vice President, Commercial Loan Officer
Mal Dubert Assistant Vice President, Treasury Management
Danielle Graziani Assistant Vice President, Portfolio Management
Joseph A. Haritos Assistant Vice President, Real Estate Valuation
Rachel Harper Assistant Vice President, Lockbox
Brett Lopeman Assistant Vice President, Commercial Loan Officer
Michael J. McCauley Assistant Vice President, Operations Officer
Joseph Moe Assistant Vice President, Commercial Lending
Valisa Pruitt-Wilks Assistant Vice President, Deposit Operations
Joseph Van Meter Assistant Vice President, Credit Administration
Robert Virzi Assistant Vice President, Risk Management
Yolanda Berktold Personal Banking Officer
Odis Cole Personal Banking Officer
Janis Griffin Assistant Controller
Lisa Ibarra Facilities/Vendor Management Officer
Henry Ma Electronic Banking Officer
Michele Maleszka Deposit Operations Coordinator
Alicia Medina Bank Secrecy Act Officer
Albert Ng Personal Banking Officer
Kimberly Pietrzak Loan Documentation Officer
Dorothy Rzeszutko Credit Officer
Ljiljana Stojanovich Loan Administration Officer
Joseph VanMeter Credit Officer
Elizabeth Zilis Retail Support Officer

Mortgage

Todd Probasco

Third base is called the “hot corner”. The ball comes at you hard & fast and you have to move faster. And then there are instant decisions to make. Do you make the long throw to first? Do you have time to cut down the runner sliding in at second to turn a DP?

Todd Probasco was a third baseman. And dealt successfully with those constant challenges.

Third base is a great analogy for how Todd has approached his twenty-year career in the mortgage industry. He’s always assessing the field and finding ways to help his clients. With impressive speed and accuracy.

He’s been on the banking and the broker side of the mortgage business so he knows exactly how things work. In fact, he won the 2005 Illinois Mortgage Broker of the Year award!Todd joined Lakeside in 2017 to lead our team of Mortgage Loan Consultants … as well as continuing to help his own clients!

Todd grew up in Palos Heights. He’s married, with two grown children. He’s a huge Bears and Sox fan and loves tailgating before the games. If you’re house hunting, re-financing or need a home equity loan, call, email or stop by and see Todd. He’s exactly the mortgage pro you want on YOUR team!

Todd can be contacted at: Cell: 708.205.2983  Email: [email protected]

NMLS# 232536

James Pomposelli

NMLS# 266794

In addition to providing competitive pricing, great execution and next level service for home purchases and mortgage refinances, Jim also has mastered the complexities of renovation, rehab and new construction finance. After 12 years in investment banking working with Fortune 100 companies, Jim applies the same level of professionalism, integrity, and customer service to his clients whether it is a $1 million refinance for a CEO or a $250,000 purchase loan for a new home buyer. Most of all, Jim personally serves all his clients’ mortgage needs and is available 24/7 to make the mortgage process as smooth as possible. Jim can be contacted at: Cell: 312.339.0024 Email: [email protected]

Kay Wong Mortgage Loan Consultant

Che Kay Wong

NMLS# 1452911

Frank Zak

NMLS# 1142721

Andy Karabetsos Mortgage Loan Consultant

Andy Karabetsos

Andy Karabetsos is a Mortgage Loan Consultant at Lakeside Bank that has the experience to get your loan closed in today’s difficult lending environment.  He brings over 20 years’ experience, 14 of them at Lakeside Bank.  His understanding of the self-employed borrower is what makes him stand out from the rest of the pack.  Although rate is important, getting your loan closed and on time is vital as well. Contact Andy at 312-808-5862/office, 312-607-0038/cell or email him at [email protected]

NMLS ID# 757269

Bryan Keane

Buying your first home, an investment property or refinancing a current mortgage? The process may seem daunting. Lakeside Bank and Bryan Keane makes the complex … easy. Bryan will be with you from start to finish. And he’ll work with you at times and places convenient for you. Lakeside and Bryan also provide services for anywhere in the country! Bryan is a native Chicagoan with 25+ years of progressive financial services experience. His diverse background of expertise across entrepreneurial, boutique and Fortune 500 firms working with clients in complex financial transactions puts him in a unique position to originate mortgages. He excels at walking his customers through difficult-to-understand transactions, translating the process into easy to understand language. Contact Bryan to begin your home financing. You can reach him directly at: (312) 399-6228 | Email: [email protected]

NMLS# 1828705

Board of Directors

Philip D. Cacciatore

Phil serves as Chairman of the Board and Chief Executive Officer for Lakeside Bank and has been with the bank since 1992.

Phil graduated from DePaul University with a BS in 1994 and received his JD degree from DePaul in 1999. He also graduated from Stonier Graduate School of Banking at Georgetown University in 2002.

Phil was appointed by the governor to the Illinois State Banking Board in 2004 and served for 10 years. He remains an active director on the following boards: Jos. Cacciatore & Co Real Estate, Jos. Cacciatore & Co. Insurance, Elgin Sweeping Inc. and Hunter Parking. He is also President of Lakeside Bancorp (Lakeside Bank’s Holding Company). Phil is also an instrument rated FAA certified pilot.

David V. Pinkerton

David is the Vice Chairman and President of Lakeside Bank, and is a member of the Executive Committee. He is a Senior Lending Officer and is focused on business development with an emphasis on business banking and commercial real estate lending. David is also the Vice President of Lakeside Bancorp (Lakeside Bank’s holding company).

His career in banking started at Lakeside in 1989 and he’s been an integral party of the bank ever since. David holds a BS and MBA from the University of Wisconsin at Madison. He is active in various community organizations including Concordia Place, which provides affordable child care and family services to low income families and 3Arts, which offers unrestricted grants to Chicago area artists.

Anthony Iaderosa

Anthony founded eSutures.com in 2000. The company specializes in helping health care facilities to streamline their supply management process by liquidating non-moving inventory to his website, then buying the devices they need on a “just in time” basis.

Anthony graduated from University of Illinois, Champaign Urbana in 1994 with a BS in Biology. Anthony then set off on a successful career in medical sales. After working for medical device companies, Anthony identified inefficiencies in the supply chain and used his entrepreneurial spirit to create eSutures.com. His company has helped firms worldwide save millions of dollars a year on surgical devices and products.

Anthony has served The Lakeside Bank Board of Directors since early 2015.

Mark T. O’Toole

Mark is an attorney and a founding partner of the law firm, Foran, O’Toole & Burke, LLC. He and his partners have built a multi-state practice and national reputation as champion of property owners’ rights. Foran, O’Toole & Burke, LLC represents the owners of commercial, industrial and special use properties in states across the country and represents corporate clients such as, Prologis, CenterPoint Properties, Waste Management, UPS, McDonald’s, Simon Property Group and Ozinga, Inc.

A lecturer on eminent domain, condemnation and property rights, Mark has also authored multiple articles on related subjects.

Mark is also an active real estate investor, acquiring and developing commercial properties, many of which required extensive remediation, rezoning and repositioning before being successfully completed and sold.

Mark did his undergraduate work at Miami University and received his J.D. from Loyola University. A former law clerk to Justice William G. Clark of the Illinois Supreme Court, Mark was also Staff Counsel to the Speaker of the Illinois House of Representatives. He is a longstanding member of the Board of Directors of Easter Seals of Metropolitan Chicago. He has served as Vice Chairman of the Board, and is currently a member of the Executive Committee and Chairman of the Development Committee. Mark has been a member of the Lakeside Bank Board of Directors since 2021.

Peter C. Cacciatore

Peter Cacciatore is President of Jos. Cacciatore &Co. Real Estate, where he began as a property manager in 1977. He also serves as President of Hunter Parking Inc; a Chicago based company that has served the parking needs of the Chicagoland Area for over two decades

Peter is a member of the National Association of Realtors, Chicago Association of Realtors, Mortgage Banks Association of America, and the International Council of Shopping Centers. He serves on the Board of Directors for the Near South Planning board, and has invested in a significant parcel of real estate in the South Loop area. He is also Chairman of the “Kids and Cops Walk” for the Chicago Patrolman’s Association.

Peter has served on the Board of Directors for Lakeside Bank since 1999.

Todd Monte

Todd is Lakeside’s Chief Financial Officer and leads the internal audit function. He is responsible for a wide range of responsibilities to assure the effective administration of the bank. He also oversees the lockbox, loan operations, payment processing information systems and compliance functions.

Todd joined Lakeside in 1996. He has undergraduate and graduate degrees from DePaul University. Todd was appointed to the Executive Committee in 2000. Todd has been a member of the Lakeside Bank Board of Directors since 2021.

Daniel P. Leahy

Dan Leahy is an Executive Vice President and Partner at NAI Hiffman, specializing in assisting industrial users and owners with their real estate strategy and implementation. Dan is also the Founder and Managing Director of NAI Global Logistics.

Dan has expertise in all aspects of corporate real estate, having completed over 600 transactions totaling in excess of $2 billion in volume and is recognized as one of the country’s top industrial brokers. Dan has been nominated for the Chicago Industrial Broker of the Year Award eight times and has won the coveted award four times. He is a member of the board of directors for NAIOP Real Estate Development Association. In addition, Dan has received the NAIOP Industrial Transaction of the Year Award four times.

Dan has served on the Board of Directors at Lakeside since 2013.

Stan J. Bochnowski

Stan is an Executive Vice President of Lakeside and also serves as a member of the Executive Committee and Board of Directors. He is the Chief Lending Officer, responsible for oversight of all commercial and residential lending activities at the bank.

Stan joined Lakeside in 1983. He has a Bachelor’s degree from Purdue University and is a member of the Chicago Board of Realtors, Chicago Home Builders Association and Illinois Mortgage Banker Association. He also is a Director to the following organizations: Hong Kong Club, Valentine Boys & Girls Club of Chicago, Near South Planning Board, Southside Builders Association and the Chinatown Chamber of Commerce.

George C. Pappageorge

George has spent over three decades working to enhance our nation’s cities, while fostering public awareness and appreciation for architecture. Early in his career, he worked in Chicago as a designer and urban planner.  In 1981, he opened his own firm with David Haymes; leading extensive projects such as City Commons, Embassy Club, and Willow Court.

George is a licensed architect in 14 states and is currently principle-in-charge on large-scale planning and significant residential, mixed-use and retail projects throughout the United States.  At the age of 39, he was one of the youngest members to be elevated to the American Institute of Architects College of Fellows.

Over the years, George has lectured at numerous institutions and societies and has served on many design juries. His achievements have been published internationally and have been featured in numerous exhibitions. He has served on the Board of Directors at Lakeside since 2004.

Joe Liberti

Joe currently is the Senior Regional Manager for Cintas Corporation, responsible for designing and providing protective apparel programs for companies across North America. Joe has been with Cintas since 1995, winning their prestigious “President’s Club” annual award for new business development 20 times.

Joe is an experienced real estate investor and developer in the Chicago market. His background in real estate involves multi-family acquisition and management, zoning modification, and over 20 years of experience in the Chicago residential market.

Joe is a graduate of Lewis University with a degree in Marketing. He has served on the Lakeside Bank Board of Directors since 2021.

John P. Davey

Since being admitted to the Bar of Illinois in 1962, John Davey has accumulated over five decades of experience and wisdom in real estate law. He has served on The Illinois Mortgage Bankers Association, Mortgage Bankers of America, The Federal National Mortgage Association and taught real estate finance at DePaul University College of Commerce.

Currently, John offices with Gerstner & Gerstner, concentrating on the areas of real estate, mortgage financing and commodity futures trading exchanges. He graduated with a B.A from University of Chicago, followed by a J.D. from University of Chicago Law School. He is an active board member of the U of C alumni association and spends much of his free time working to better the University community.

John has been on the Board of Directors at Lakeside Bank since 1994.

Dan Welz

Dan is the Executive Vice President and Chief Operating Officer for Lakeside Bank and is a member of the Executive Committee. In addition to managing Lakeside’s Retail Operations, Dan oversees the bank’s Retail Branch Network, Human Resources, Regulatory Compliance, Project Management Office, Vendor Management and Retail Support Office. Dan has over twenty six years of banking experience, eleven of which was spent at The Federal Reserve Bank of Chicago. Dan earned a bachelor’s degree in Finance from Valparaiso University and his MBA from Loyola University. Dan has been a member of the Lakeside Bank Board of Directors since 2021.

Executive Committee

Philip D. Cacciatore

Phil serves as Chairman of the Board and Chief Executive Officer for Lakeside Bank and has been with the bank since 1992.

Phil graduated from DePaul University with a BS in 1994 and received his JD degree from DePaul in 1999. He also graduated from Stonier Graduate School of Banking at Georgetown University in 2002.

Phil was appointed by the governor to the Illinois State Banking Board in 2004 and served for 10 years. He remains an active director on the following boards: Jos. Cacciatore & Co Real Estate, Jos. Cacciatore & Co. Insurance, Elgin Sweeping Inc. and Hunter Parking. He is also President of Lakeside Bancorp (Lakeside Bank’s Holding Company). Phil is also an instrument rated FAA certified pilot.

David V. Pinkerton

David is the Vice Chairman and President of Lakeside Bank, and is a member of the Executive Committee. He is a Senior Lending Officer and is focused on business development with an emphasis on business banking and commercial real estate lending.

His career in banking started at Lakeside in 1989 and he’s been an integral party of the bank ever since. David holds a BS and MBA from the University of Wisconsin at Madison. He is active in various community organizations including Concordia Place, which provides affordable child care and family services to low income families and 3Arts, which offers unrestricted grants to Chicago area artists.

Dan Welz

Dan is the Executive Vice President and Chief Operating Officer for Lakeside Bank and is a member of the Executive Committee. In addition to managing Lakeside’s Retail Operations, Dan oversees the bank’s Retail Branch Network, Human Resources, Regulatory Compliance, Project Management Office, Vendor Management and Retail Support Office. Dan has over twenty six years of banking experience, eleven of which was spent at The Federal Reserve Bank of Chicago. Dan earned a bachelor’s degree in Finance from Valparaiso University and his MBA from Loyola University.

Todd Monte

Todd is Lakeside’s Chief Financial Officer and leads the internal audit function. He is responsible for a wide range of responsibilities to assure the effective administration of the bank. He also oversees the lockbox, loan operations, payment processing information systems and compliance functions.

Todd joined Lakeside in 1996. He has undergraduate and graduate degrees from DePaul University. Todd was appointed to the Executive Committee in 2000.

Stan J. Bochnowski

Stan is an Executive Vice President of Lakeside and also serves as a member of the Executive Committee and Board of Directors. He is the Chief Lending Officer, responsible for oversight of all commercial and residential lending activities at the bank.

Stan joined Lakeside in 1983. He has a Bachelor’s degree from Purdue University and is a member of the Chicago Board of Realtors, Chicago Home Builders Association and Illinois Mortgage Banker Association. He also is a Director to the following organizations: Hong Kong Club, Valentine Boys & Girls Club of Chicago, Near South Planning Board, Southside Builders Association and the Chinatown Chamber of Commerce.