-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FB12Q/WxETa24pt5XkgDvr3nfxTAY1vfVO4R0IQ97d15SkiloMVJVMFpfipnImRi
 +BFRvx4feVDtMre5+EiFhg==

<SEC-DOCUMENT>0000721994-03-000143.txt : 20030711
<SEC-HEADER>0000721994-03-000143.hdr.sgml : 20030711
<ACCEPTANCE-DATETIME>20030711113922
ACCESSION NUMBER:		0000721994-03-000143
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030710
FILED AS OF DATE:		20030711

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAKELAND FINANCIAL CORP
		CENTRAL INDEX KEY:			0000721994
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				351559596
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		202 E CENTER ST
		STREET 2:		P O BOX 1387
		CITY:			WARSAW
		STATE:			IN
		ZIP:			46581-1387
		BUSINESS PHONE:		5742676144

	MAIL ADDRESS:	
		STREET 1:		202 E CENTER ST
		STREET 2:		PO BOX 1387
		CITY:			WARSAW
		STATE:			IN
		ZIP:			46581

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NIEMIER CHARLES E
		CENTRAL INDEX KEY:			0001189194

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11487
		FILM NUMBER:		03783132

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 587
		CITY:			WARSAW
		STATE:			IN
		ZIP:			46581-0587
		BUSINESS PHONE:		5742676639

	MAIL ADDRESS:	
		STREET 1:		P O BOX 587
		CITY:			WARSAW
		STATE:			IN
		ZIP:			46581-0587
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c0001189194d20030711f4f.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-07-10</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000721994</issuerCik><issuerName>LAKELAND FINANCIAL CORP</issuerName>        <issuerTradingSymbol>LKFN</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001189194</rptOwnerCik><rptOwnerName>NIEMIER CHARLES E</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Phantom Stock</value></securityTitle><conversionOrExer
cisePrice><value>0</value><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2003-07-10</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>238</value></transactionShares><transactionValue><value>33.05</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-07-10</value><footnoteId id="F3"/></exerciseDate><expirationDate><value>2013-07-10</value><footnoteId id="F4"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>238</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>238</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipN
ature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value></value></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Each phantom stock unit exersises into 1 share of Common Stock.</footnote><footnote id="F3">Phantom stock is exercisable after the directors' retirement as a Board member.</footnote><footnote id="F4">Phantom shares expire after the directors' retirement as a Board member.</footnote></footnotes><ownerSignature><signatureName>Teresa A. Bartman, Attorney-in-Fact</signatureName><signatureDate>2003-07-11</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----