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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

Dear Shareholders, Customers and Friends,

I’m pleased to report 2018 was another strong year for Lakeside Bank. Our sustained growth is thanks to the incredible partnerships we build with our clients. We love new business so we’re always welcoming new clients to the extended family. But a wonderful measurement of our ability to serve, to quickly get things done, is how our client relationships span years, decades, even generations. We’re very proud of that record. And very thankful!

2018 was another year of change in the banking world. On-line banks are growing. There’s more & more technology. And the so-called experts can’t make up their minds about the importance of branches. They’re either coming or going depending on who you read, and on what day.

Here’s what we know at Lakeside: Technology is important. We all have to be up-to-date. It’s expected and an entry point to doing business. There’s a lot you can get done banking electronically. We get that. And we have that.

But you know what’s more important? People. There is no replacing people. As we say, “Your money is personal. Your banker should be, too.”

At Lakeside Bank, every client has their own personal banker. That’s our history. It’s also our future. And the future of banking.

Our mantra will never change..we are the very best of responsiveness, customization, and execution!

It’s also why we’re also carefully planning Lakeside branch growth for the future. To serve even more of the Chicago area.

Thanks to our size, we can do anything our clients need. Faster and more efficiently than competitors. And always with Lakeside personal service.

Here are our key financials for 2018:

Net core earnings of $36.6 million represents a 2.21% return on average assets, a 18.08% return on equity and a $5.5 million increase in net earnings. 2018 ended with our total assets at $1.679 billion, up 4.78% from year-ago. This includes $1.351 billion in total loans. Stockholder equity grew from $185.5 million to $202.6 million. Our capital ratios remain significantly above the regulatory “well capitalized” levels.

Additional areas you should know about:

We’ve dramatically strengthened our Treasury Management Department. Other banks provide cookie-cutter, once a year templates. Lakeside Treasury Management works closely with clients, customizes services and stays involved in their business. And we save our clients’ money, too.

We’ve also expanded our Mortgage team. Again, our core philosophy of personal service is the key. As we say to potential clients, “You’re going to spend hundreds of thousands of dollars on an on-line or phone based mortgage firms? Really? Lakeside Mortgage Bankers are with clients from Day One through closing. And are always available by phone, text, email … or will meet you anywhere. Personal is best!”

Our multi-faceted Marketing program continues to break through. 2018 was the third year of our campaign. An Annual Tracking Study confirms we’re one of the best known banks in Chicago. Advertising features our products and services, in our trademark style, and includes:

  • Radio
  • Digital
  • Print
  • Sponsorship of the “Call to the Pen” on both the Cubs & Sox
  • Direct mail
  • Newspaper
  • Email
  • Social media

To multiply our resources, we integrate and align support. For example, if we’re featuring Treasury Management, Mortgages or a checking account product during a specific period of time, that product or service is in multiple media. AND on our branch windows and in our lobbies. And pushed via direct mail, email and social media.

We also continue to expand our Community activities. Lakesiders are involved with over 70 charities. We also work directly within our communities to be of assistance and build connections with our neighbors. These range from charitable contributions to a wide range of fun activities for kids, families and adults. Lastly, the Educational programs we’ve created are growing:

  • The Lakeside Bank, “Women First, Now We’re Cooking!Student Chef Competition. Working with Washburne Culinary Institute, we changed lives by awarding $10,000 in Lakeside Scholarships to aspiring female chefs with financial need. It was also a very fun evening, with over 200 attendees. 2019 will be year three for “Women First”.
  • Our elementary school financial education program is called, “Kids Count!” and was in five schools this year. Lakeside Bankers teach a monthly series on how money works. We follow one class through the school year. School administration, teachers, parents … and even the kids (!) love the lessons. 2019 is also year three for “Kids Count!”.
  • 2018 was the second year of our High School program. Entitled, “Write On!”, the Lakeside Creative Writing Challenge awards $2,500 Lakeside College Scholarships to multiple students across all Chicago Public Schools with financial need. We had more than four times the number of applicants to judge in this second year!

Other banks pretend to be all these things but when you experience Lakeside you’ll say, “IT’S ABOUT TIME!”

On behalf of the Board of Directors, thank you fellow Lakesiders, and thank you clients!

Sincerely,

Phil Cacciatore
Chairman & 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. CacciatoreChairman of the Board & Chief Executive Officer
David V. PinkertonVice Chairman & President
Stan J. BochnowskiExecutive Vice President & Chief Lending Officer
Todd G. MonteExecutive Vice President & Chief Financial Officer
Vincent J. TolveExecutive Vice President, General Counsel, Trust Officer & Secretary
Jeff W. MillerSenior Vice President & Chief Information Officer
Alan L. RoseSenior Vice President & Chief Marketing Officer
Tim SavocaSenior Vice President & Chief Credit Officer
Daniel WelzSenior Vice President & Chief Operating Officer
Jo Ann WongSenior Vice President, Loan Operations
Allan AdayaVice President & Branch Manager
Eva M. AyalaVice President & Branch Manager
Joshua CoburnVice President, Commercial Lending
Lauren FialkowskiVice President, Commercial Lending
Michael FogartyVice President, Commercial Lending
Anthony FongVice President & Assistant Controller
Susanna L. FongVice President & Branch Manager
Lisa FormanskiVice President & Compliance Officer
Connie HarrisVice President & Branch Manager
Robert HollisVice President & Retail Branch Sales Manager
Ken KosinVice President, Commercial Lending
Juanita LazzeriniVice President, Retail Mortgage Loan Operations
Jennifer (Tian) LeeVice President, Commercial Lending
Grace MarcordesVice President & Branch Manager
Robert MatijevichVice President, Commercial Lending
James McGroganVice President, Commercial Lending
Pat McNultyVice President, Human Resources
Tim MillinsVice President, Retail Network Manager
Justin NewhuisVice President, Commercial Lending
Matthew PalmisanoVice President, Director of Treasury Management
Todd ProbascoVice President, Retail Mortgage Sales Manager
Janet RendonVice President, Loan Services
Daniel Van ProoyenVice President, Commercial Lending
Angela VillegasVice President & Branch Manager
Desiree D. WhiteVice President, Retail Operations
Nick WycklendtVice President, Commercial Lending
Fanny YuenVice President & Assistant Branch Manager
Dalia BalciunasAssistant Vice President, Loan Documentation
Daniel BlesAssistant Vice President & Assistant Branch Manager
Angela FloridaAssistant Vice President & Assistant Branch Manager
Joseph A. HaritosAssistant Vice President, Real Estate Valuation
Christopher ManleyAssistant Vice President, Commercial Lending
Michael J. McCauleyAssistant Vice President, Operations Officer
Robert VirziAssistant Vice President, Risk Management
John H. Rogers IIIAssistant Vice President, Branch Manager
Maria BaezOperations Officer
Yolanda BerktoldPersonal Banking Officer
Maurice BrownPersonal Banking Officer
Odis ColePersonal Banking Officer
Jonathan DemasCommercial Loan Officer
Janis GriffinAssistant Controller
Roman HernandezBusiness Development Officer
Olin HillRisk Management Officer
Lisa IbarraFacilities/Vendor Management Officer
John JasinskiBusiness Development Officer
Jennifer LackuzynskiPersonal Banking Officer
Alicia MedinaBank Secrecy Act Officer
Aniceto RonInformation Systems Officer & Senior Systems Engineer
Jonathan SpitzCommercial Loan Officer

Mortgage

Todd Probasco

Purchasing a home is often the largest financial decision people make. Which is why it’s so important to have an experienced mortgage loan officer on your side. Todd takes such precise and personal care of his clients throughout the mortgage process he constantly gets referrals from those very happy clients! Todd is highly knowledgeable about Chicago real estate but has also helped clients get outstanding mortgages across the country. Todd’s a multiple award winner for his personal service and the results he achieves. Todd can be contacted at: Cell: 708.205.2983  Email: t.probasco@lakesidebank.com

NMLS# 232536

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 akarabetsos@lakesidebank.com

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: bkeane@lakesidebank.com

NMLS# 1828705

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: j.pomposelli@lakesidebank.com

Kay Wong Mortgage Loan Consultant

Che Kay Wong

NMLS# 1452911

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.