Lake Community Bank (LCB) in Long Lake has found a way to create a feeling of involvement among employees by giving a portion of the bank’s annual donations to a local or national charity on each employee’s behalf. Currently, LCB’s board of directors is in the process of approving this proposal.
LCB’s retail manager Jeremy Kringler says by turning over the reins of charitable giving to employees, the philosophy “we all own the bank” is strengthened.
Before this proposal, LCB allotted money for similar donations in their annual institutional budget. Current LCB donations include scholarships for local students and assistance for community members with mounting medical bills due to serious illnesses. The new proposal stems from the appointment of new bank president Brian Peters.
“Under our current ownership, which is 30-plus+ years strong, we [pride] ourselves on being a strong advocate of supporting the local and surrounding communities of Long Lake,” Peters says.