Lake City Bank announced a partnership with Spiral on December 16, 2025, integrating Spiral’s Roundup Center—branded as Lake City Bank SpendSave—into the bank’s digital platform. The integration allows customers to automatically round up debit‑card purchases and direct the spare change to a savings account or a charitable cause, with tax‑deductible receipts and impact tracking built into the experience.
The SpendSave feature gives customers the option to allocate all round‑ups to savings, split the amount between a personal savings goal and a charitable donation, or choose a custom mix. The platform’s real‑time savings engine encourages consistent, low‑effort deposits while reinforcing the bank’s community‑banking brand by supporting local nonprofits through everyday spending.
Lake City Bank’s move aligns with its broader strategy of digital innovation and community impact. By embedding a proven savings‑and‑giving tool, the bank aims to increase deposit growth, deepen customer engagement, and strengthen its competitive position against larger regional banks and fintech entrants. The partnership is a major operational milestone that signals the bank’s commitment to modernizing its product suite while maintaining its local focus.
Financial context underscores the strategic importance of the partnership. In Q3 2025, Lakeland Financial reported earnings per share of $1.03 on revenue of $69.03 million, up from a diluted EPS of $0.91 and net income of $23.3 million in Q3 2024. Lake City Bank’s organic deposit growth was 4% in Q3 2024, and the new digital savings platform is expected to accelerate that trend by capturing small, frequent deposits that would otherwise remain idle.
Stephanie Leniski, Executive Vice President and Chief Retail Banking Officer, said the partnership “empowers customers to build savings habits through everyday transactions while supporting local nonprofits.” Shawn Melamed, CEO of Spiral, added that the collaboration “demonstrates how impact‑as‑a‑service can drive deposit growth and deepen community ties for community banks.”
The partnership does not yet have a publicly disclosed deposit‑growth target, but the bank’s leadership views the initiative as a key lever for future deposit expansion and customer retention. No market‑reaction data were available at the time of writing, but the partnership is positioned to reinforce Lake City Bank’s competitive stance in a market where digital convenience and community engagement are increasingly decisive for customer loyalty.
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