LBAI Description: Lakeland Bancorp, Inc. operates as the holding company for Lakeland Bank that provides financial products and services for individuals and small to medium sized businesses primarily in Northern and Central New Jersey. It offers commercial banking depository products, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, commercial real estate loans, commercial and industrial loans, and equipment financing solutions, as well as merchant credit card services; and wire transfer, Internet and mobile banking, cash management, and night depository services. The company also provides consumer banking services, including checking accounts, savings accounts, NOW accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. In addition, it offers investment and advisory services; and non-deposit products, which include securities brokerage services, including mutual funds and variable annuities. The company operates through a network 53 branch offices in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union, and Warren counties in New Jersey; 5 regional commercial lending centers in Bernardsville, Montville, Newton, Teaneck, and Wyckoff/Waldwick; and 2 commercial loan production offices serving Middlesex and Monmouth counties in New Jersey and the Hudson Valley region of New York. Lakeland Bancorp, Inc. was founded in 1969 and is headquartered in Oak Ridge, New Jersey. |