The chief executive of Lakeland Financial (LKFN) in Warsaw, Ind., will step down next year.

Michael Kubacki plans to give up the CEO role at the $3 billion-asset company and its bank after its annual meeting in April 2014.

David Findlay, the company's president and chief financial officer, will succeed Kubacki, who will remain chairman, the company said Wednesday. Kubacki's resignation as CEO "is the next step in an ongoing management succession process that the board has been implementing for the past several years," he said in a press release.

Kubacki, 61, joined Lakeland as president in 1998 and held that role through 2010, when he was promoted to CEO. He was named one of American Banker's Community Bankers of the Year in 2011.

Findlay, 51, joined Lakeland in 2000 and became president in 2010. He began his career in financial services at Northern Trust in Chicago. Lakeland said it is looking for a CFO to succeed Findlay.

Kubacki "has been an exceptional leader for the Lake City Bank team and I will be honored to succeed him as CEO," Findlay said in the press release. "We are particularly happy that [Kubacki] will continue to serve as executive chairman through 2016, and that we will continue to benefit from his experience and leadership."

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