John B. Kemp
LCA’s co-founder, John B. Kemp, received degrees from the University of Michigan LS&A and Law Colleges. In 1963 he passed the Illinois Bar at the age of 23. John worked for the Chicago law firm of Chapman and Cutler, where his practice was primarily trial work specializing in representing creditors for, among others, the Harris Bank and the FDIC as receiver of an Illinois Bank. After returning to Michigan in 1968 and being admitted to the Michigan Bar, John cofounded the law firm whose first two names were, and currently are, Kemp Klein in 1969. The firm recently celebrated its 50-year anniversary.
Over the years, John’s principal focus evolved primarily from trial work to contract negotiating and helping clients with their financing and strategic planning. In addition to practicing law, for almost a decade, John assisted the senior U.S. Senator from Michigan in the selection of federal judges and U.S. Attorneys.
In 1988, John co-founded LCA. He has served as Chairman of the Board of Directors for both LCA and its wholly-owned subsidiary, LCA Bank Corporation, a Utah bank, from their inceptions. LCA was founded with a limited base of assisting three copier dealers, located in Michigan, finance their sales.
As a result of solid performances by the LCA Group’s management teams, the LCA Group, throughout their 34-year history, has helped many hundreds of equipment vendors finance their sales and thousands of equipment users finance their equipment usage in virtually every U.S. state, as well as in Canada and Mexico. Recently, LCA Bank Corporation helped 820 companies obtain PPP loans when many other banks failed to service their needs.
As a result of all of these successful strategic efforts, the combined companies’ capital accounts have increased approximately 40 times from LCA’s capital base when formed in 1988.