Friday, August 14, 2015

Lakeland Bancorp: A Community-Oriented Bank Holding Company

Lakeland Bancorp is a bank holding company. The business is the parent company of the Lakeland Bank, which has a very strong presence in the state of New Jersey. The company has reported its assets to be around $3.7 billion.

There are currently 48 office branches that the business operates. From these facilities the company is able to offer a wide range of financial services to both commercial and individual depositors. Other than the customary depositor products offered by the bank, the company also offers various loan services that are offered at different rates. The company continues to strongly support the endeavors of small and medium-sized businesses. They take pride of their ‘within 24 hours turnaround time’ for any loan application.

As a community-oriented financial services company, the business offers investment program, business banking solutions and retail banking services. Lakeland Bancorp continues to publicly trade on the NASDAQ and markets its common shares using the symbol LBAI.

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