Lakeside Bank was recently
named one of the 359 safest banks in the United States. The locally owned bank
was the only bank in Southwest Louisiana to receive the designation and one of
only three financial institutions in the state of Louisiana to make the list.
The list, released this
month by MSN Money, was compiled
using a system called the Texas Ratio which accurately predicted bank failures
in Texas during the 1980s recession and again in New England during the 1990s
recession. Researchers evaluated all banks in the country – over 7300 - and applied this stringent formula to
evaluate the safety of each.
"This is really quite an
honor and achievement for us,” said Mike Harmison, President/CEO of Lakeside
Bank. "In a day and age where the banking industry as a whole has faced
scrutiny and loss of trust, it should be comforting to our friends and
neighbors to have a locally-based bank ranked as one of the safest in the
Lakeside Bank opened in
2010 and was the nation’s only new bank to receive a charter that year with the
exception of three others that were set up specifically to save failing banks.
Earlier this year, their new main branch opened on Nelson Road in South Lake
For more information, visit
www.lakesidebanking.com or call