Lasco Logo 
PRESS RELEASE
June 30, 2014
Lasco Acquired by a
Community Bank

 

Marquette, MILasco Development Corporation's current owners, Dennis VanLandschoot, President/CEO and Kris Sweeney, Senior Vice President, have been working diligently over the past two years to find the appropriate replacement owners for Lasco as they near their retirements. Lasco is pleased to announce that Peoples State Bank of Munising has purchased Lasco. During the transition period and into the future, business will continue as normal with Lasco's mission and goal of providing value to its client base in an open and honest manner. Long term, Lasco will be looking to expand its client base as well as its financial product offerings. Mr. VanLandschoot and Ms. Sweeney will continue in their current roles.

 

Lasco is an I.T. managed services company specializing in the financial services industry as well as commercial businesses throughout the Upper Peninsula as well as Wisconsin and has been in operation since 1967.

 

Rick Nebel, President/CEO of Peoples State Bank of Munising states "We are very pleased to be part of a 40+ year old technology company. The banking industry is changing and how we manage technology will be a major part of our future success. With this investment into Lasco, we will have a firm with great regulatory, technology and financial services expertise. As our industry continues to evolve, it is evident that the need for scale and to band together on additional services will be required moving forward."

"Throughout this transaction, our clients and employees have remained our focus." states Dennis VanLandschoot, President/CEO of Lasco. "We believe this acquisition adds value to our clients, continues career paths for our employees and maintains our holding company concept. We look forward in continuing our partnership with our client base for many more years to come."

  

   

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About Peoples State Bank of Munising

 

 

Peoples State Bank of Munising is a hometown community bank that is locally owned, directed and managed. It was organized in 1910 and has primarily served Alger and Schoolcraft counties. The bank has focused on providing complete banking services to its loyal customers for 104 years.   For additional information visit www.bankatpsb.com or call 906-387-2006.

 

 

About Lasco

 

Lasco is a privately owned company. It was incorporated in 1967. Lasco is an Information Technology service bureau specializing in financial services, network maintenance and management, security, and other business applications. Lasco is an information technology leader in the Upper Peninsula of Michigan. For additional information visit www.lascoinc.com or call 906-228-1051.

 

 

 

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