Lakeland Bancorp, Inc., through its subsidiary, Lakeland Bank, provides various commercial and consumer banking products and services to individuals and small to medium sized businesses primarily in northern New Jersey. The company’s depository products include checking accounts, savings accounts, demand deposits, time deposits, NOW accounts, money market accounts, and certificates of deposit. It also offers short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, secured and unsecured loans, and consumer installment loans. In addition, the company provides collection, wire transfer, night depository, and safe deposit services, as well as investment and advisory services for individuals. As of December 31, 2007, it operated 49 branches in Passaic, Morris, Sussex, Bergen, Essex, and Warren Counties, New Jersey. The company was founded in 1969 and is headquartered in Oak Ridge, New Jersey.
In December Lakeland announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $59 million in exchange for preferred stock.
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Bailout Bank Bio: Lakeland Bancorp
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Federal Equity Investment |
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Total Revenue |
$161.5 million (2008) |
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Net Income |
$15.2 million (2008) |
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Number of Employees |
540 |
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Corporate Headquarters |
Oak Ridge, New Jersey |
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Business Sector |
Bank |
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Officers and Directors |
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Corporate Website |
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Executive Compensation |
No federal contracts located.
No lobbying reports located.
Center for Responsive Politics
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Last Updated May 28, 2009
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