Welcome to our dedicated page for Lakeland Bancorp news (Ticker: LBAI), a resource for investors and traders seeking the latest updates and insights on Lakeland Bancorp stock.
Lakeland Bancorp Inc. (Nasdaq: LBAI) is the holding company for Lakeland Bank, a prominent financial institution with a significant presence in Northern New Jersey and the Hudson Valley region of New York. Headquartered in Oak Ridge, NJ, Lakeland Bancorp oversees operations encompassing 48 branch offices, five regional lending centers, and two loan production offices. As of September 30, 2023, the company boasts total assets of $11.18 billion.
Lakeland Bank is dedicated to providing a comprehensive suite of banking products and services designed to meet the diverse needs of both business and retail customers. Business services offered include commercial loans and lines of credit, commercial real estate loans, asset-based lending, equipment financing, and specialized loans for healthcare services. Additionally, the bank supports small businesses with tailored loans and cash management services.
For individual consumers, Lakeland Bank delivers a range of services including online and mobile banking, home equity loans, mortgage options, and wealth management solutions. The bank has been recognized as New Jersey’s Best-In-State Bank by Forbes and Statista for five consecutive years, reflecting its strong commitment to customer satisfaction and service excellence.
In recent developments, Lakeland Bancorp and Provident Financial Services, Inc. (NYSE: PFS), the parent company of Provident Bank, have announced a merger agreement. This strategic move, aiming for completion by the second calendar quarter of 2024, awaits the final regulatory approval from the Board of Governors of the Federal Reserve System. The combined entity, operating under the Provident name, is set to benefit from enhanced scale, growth opportunities, and profitability. The merger will leverage the complementary strengths of both institutions to deliver exceptional service to their communities.
Recognition and Achievements:
- Named one of “America’s 50 Most Trustworthy Financial Companies” by Forbes.
- Ranked as one of New Jersey’s 50 Fastest Growing Companies by NJBIZ.
- Rated a 5-Star Bank by Bauer Financial.
- Recognized as Best Banks to Work For by American Banker.
Lakeland Bank’s mission is to make banking easier and more accessible through an extensive array of products and services. Their online and mobile banking platforms provide secure, convenient access to accounts, enabling customers to manage their finances anytime, anywhere. Additionally, Lakeland’s commitment to community banking has made it a trusted financial service provider in the region for nearly 45 years.
For the latest updates, news, and developments related to Lakeland Bancorp Inc., shareholders and interested parties are encouraged to monitor company announcements and financial disclosures.
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