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.

Philip D.Cacciatore,

Chairman of the Board & Chief Executive Officer

Lakeside since 1999

 

 

Message From The Chairman

 

Dear Shareholders, Customers & Friends,

The # 1 Rated bank in Illinois for 2016 … is Lakeside Bank.

This honor came from S&P Global Market Intelligence and includes all banks in the state between $1 and $10 billion in assets.

We’re delighted with the recognition. And equally delighted to tell you where the award really goes: To our people and our clients. Because our growth “formula” is as simple as the direction we give all Lakesiders: See to your client’s success.

In an age of increasing automation, and one where most people rarely talk to the same banker twice, Lakeside is a client-pleasing anomaly. Old School where it counts. High Tech throughout.

Sure, we can do virtually anything the big banks can do electronically. But at Lakeside, technology is a tool, not a way to treat clients. Meaning we remains hands-on. True Personal Bankers. Our clients have one banker. One point of contact. For years. Decades. We innovate for our clients. We customize programs for our clients. We make decisions quickly for our clients. And the result is, well, RESULTS. And recognition. We’re sort of a 51 year-old “overnight success” thanks to our people and the success of our clients.

We’ve included a few “Lakeside Stories” to bring to life how we work and make a difference. We’ll keep refreshing them as there are a lot of great stories to tell. I hope you enjoy them.

Now, a few numbers. Lakeside growth and prosperity accelerated in 2016:

Net earnings of $33.225 million represents a 2.36% return on average assets and a 18.82% return on equity, a 23.4% increase in net earnings, a strong financial year by any industry standard. We ended 2016 with approximately $1.407 billion in total assets, including $1.155 billion in total loans. Our stockholders’ equity grew from $166.3 million to $176.55 and our capital ratios continue to be substantially above the regulatory “well capitalized” levels. Lakeside’s solid foundation continues to strengthen, providing a unique platform for growth.

I have two other “firsts” to report:

  • In October of 2016, we opened our first suburban branch. Our Elmhurst location is off to an incredible start, with over $32 million in assets as of April 2017 and well ahead of forecast for this calendar. We have a great team in Elmhurst.
  • 2016 was the beginning of our becoming a marketing driven organization. We invested in our first ever advertising campaign with our “It’s about time” theme. As Chicago is an expensive media city, we worked hard to make sure our dollars went a long way. Extensive research done before and after the campaign ran proved we’re off to a good start, moving the needle on bank awareness and key attributes.

We’re increasing our marketing efforts in 2017. Media continues and we’ve added “Quarterly Promotions” supported across our geographies to consistently add fresh news and attract clients. We’re also doing more to deepen our involvement in our communities; there’s additional information in the marketing section. Our marketing efforts will help accelerate all aspects of our business.

Speaking for the Board of Directors, our Executive Committee and all of us at Lakeside … Thank You … for making us the top-rated bank in the state. We look forward to growing with you in 2017 and beyond.

Sincerely,

Philip D. Cacciatore

article-image2

Chairman of the Board and Chief Executive Officer

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 50 years, 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 seven branches and assets over $1.4 billion. We’ve grown carefully and responsibly, one client, one neighborhood, at a time.

 

timeline

 

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
Vincent J. Tolve Executive Vice President, General Counsel, Trust Officer & Secretary
Ana M. Benitez Senior Vice President, Operations, BSA & Security 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
Daniel Welz Senior Vice President & Chief Operating Officer
Jo Ann Wong Senior Vice President, Loan Operations
Allan Adaya Vice President & Branch Manager
Eva M. Ayala Vice President & Branch Manager
Joshua Coburn Vice President, Commercial Lending
Michael Fogarty Vice President, Commercial Lending
Anthony Fong Vice President & Assistant Controller
Susanna L. Fong Vice President & Branch Manager
Lisa Formanski Vice President & Compliance Officer
Connie Harris Vice President & Branch Manager
Olin Hill Vice President, Loan Portfolio Administration
Robert Hollis Vice President & Retail Branch Sales Manager
Matthew Howe Vice President, Special Assets
Ken Kosin Vice President, Commercial Lending
Juanita Lazzerini Vice President, Retail Mortgage Loan Operations
Grace Marcordes Vice President & Branch Manager
Robert Matijevich Vice President, Commercial Lending
Pat McNulty Vice President, Human Resources
Justin Newhuis Vice President, Commercial Lending
Matthew Palmisano Vice President, Director of Treasury Management
Todd Probasco Vice President, Retail Mortgage Sales Manager
Daniel Van Prooyen Vice President, Commercial Lending
Angela Villegas Vice President & Branch Manager
Desiree D. White Vice President, Operations
Nick Wycklendt Vice President, Commercial Lending
Fanny Yuen Vice President, Personal Banking
Dalia Balciunas Assistant Vice President, Loan Documentation
Daniel Bles Assistant Vice President & Assistant Branch Manager
Angela Florida Assistant Vice President & Assistant Branch Manager
Jennifer (Tian) Lee Assistant Vice President, Commercial Lending
Carmen N. Madsen Assistant Vice President & Assistant Branch Manager
Christopher Manley Assistant Vice President, Commercial Lending
Fanny Urquiza Assistant Vice President & Assistant Branch Manager
Robert Virzi Assistant Vice President, Risk Management
John H. Rogers III Assistant Vice President, Business Development
Aniceto Ron Information Systems Officer
Maria Baez Operations Officer
Yoland Berktold Personal Banking Officer
Maurice Brown Personal Banking Officer
Odis Cole Personal Banking Officer
Jonathan Demas Commercial Loan Officer
Joseph A. Haritos Appraisal Officer
Lisa Ibarra Facilities/Vendor Management Officer
Jennifer Lackuzynski Business Development Officer
Michael J. McCauley Operations Manager
Florence Wong Personal Banking Officer

Board of Directors

At Lakeside Bank you can customize your checking account to fit your lifestyle. Whether you want no minimum balance requirement or interest earned on your account, we have a checking account for you.

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.

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.

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.

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.

Donald D. Anderson

Donald Anderson brings over four decades of banking experience, principally in the areas of management, audit, compliance, and data processing. He has two degrees in accounting; a B.S.B.A from Roosevelt and a M.B.A. from DePaul University. 

Donald is a former Lakeside Bank President, Executive VP, and COO.  Prior to Lakeside, Don was President of Park National Bank for 17 years. He has served in executive positions at First National Bank of Highland Park as well as Michigan Avenue National Bank.

Don was an Accounting Instructor at the Chicago Chapter of the American Institute of Banking for over 10 years. He was a guest lecturer at the National College of Education and served as a community research faculty advisor at the DePaul School for New Learning. He has also served on the Board of Pacific Garden Mission for many years.

Don joined Lakeside in 2003, retiring in 2012  and has served on the Board of Directors since 2010.

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.

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.

Raymond M. Chin

Raymond is the Founder of R.M. Chin & Associates. Inc. (RMCA), a Chicago based professional service firm specializing in Owner’s Representation, Program and Project management, and Construction Management. He has a Bachelor’s Degree is Civil & Structural Engineering from UIC and is a licensed engineer in the state of Illinois.

Ray has served as Development Executive for major projects throughout the Chicago area, including the Oakbrook Terrace Tower and The Chicago Bar Association Headquarters. He oversaw design, construction, and commissioning for projects such as O’Hare International Airport Terminal Five and the Lincoln Park Zoo Mammal/Reptile Pavilion. He is a Life Member of the American Society of Civil Engineers and Director of Choose Chicago, After School Matters, and the Chinese American Service League.

Ray has served on the Board of Directors at Lakeside since 1994.

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.

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.

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.

Vincent Tolve

Vince is the Executive Vice President and General Counsel of Lakeside Bank. He also serves as the bank’s Corporate Secretary and Senior Trust Officer.

Prior to joining Lakeside in 1993, Vince practiced law and taught in the graduate program at Loyola University and Roosevelt University. He is a graduate of The College at the University of Chicago and The Law School at the University of Michigan.