0 STARS to the INFINITY POWER!!! Horrible, horrible, horrible company, executive management, and compliance management.
I had over $200,000 in my account and wrote checks to pay my vendors and contractors totaling around $20,000, and then another set of checks totaling around $35,000. I processed the checks through the bank's OWN online check system on 8/9/23 and the second set of online checks on 8/21/23. These were all lawful checks paid to vendors, employees, law firms, and landlords. The checks were backed by my lawful funds in my lawful account; the vendors are lawful vendors, landlords, and law firms, who provided me lawful services and properties.
WITHOUT even telling me, LAKESIDE BANK rejected all but TWO of the checks. These are lawful vendors who provided me with lawful services, and expected timely payment.
I did not find out until THURSDAY 8/24/23 (note that my checks were processed through Lakeside's OWN ONLINE CHECK SYSTEM on 8/9/23 and 8/21/23) and that the checks that were supposed to be issued through the online portal were rejected... meaning that because of LAKESIDE BANK'S mismanagement, meddling, and unscrupulous practices, each vendor who was to receive my lawful funds did not receive it.. putting their business and personal lives and financial lives at great risk.
LAKESIDE BANK is poorly managed, behaved irresponsibly, and behaved in an unscrupulous manner. Had they simply TOLD ME that they did not want to honor my good and lawful checks processed through THEIR OWN system, I could have made other payment arrangements to my LAWFUL vendors and landlords.
Instead, their poor and unscrupulous practices put me and my vendors at risk. LAKESIDE BANK broke its fiduciary duty to me and broke its trust with me. This is a horrible bank with terrible management, terrible compliance, and terrible practices. One of my law firms is in process of filing a complaint with both the FDIC (Federal regulators) and the Illinois Department of Financial Regulators. read more