Lakeland Bancorp Announces Closing of Acquisition of Harmony Bank
July 01 2016 - 8:45AM
Lakeland Bancorp, Inc. (NASDAQ:LBAI) (“Lakeland Bancorp”), the
parent company of Lakeland Bank, announced that its acquisition by
merger of Harmony Bank (formerly OTCPK:HRMB) closed today.
Following the merger, Lakeland Bancorp will have
$4.7 billion in total assets and will operate 56 New Jersey branch
offices in Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex,
Union and Warren counties, five New Jersey regional
commercial lending centers in Bernardsville, Montville,
Newton, Teaneck and Waldwick and two commercial loan production
offices serving Middlesex and Monmouth counties in New Jersey
and the Hudson Valley region of New York. Lakeland Bank offers
an extensive array of consumer and commercial products and
services, including online and mobile banking, localized commercial
lending teams, and 24-hour or less turnaround time on consumer loan
applications. For more information about the full line of products
and services, visit LakelandBank.com.
Forward-Looking Statements
This communication contains forward-looking
statements that are made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements speak only as of the date
made, and are subject to numerous assumptions, risks and
uncertainties, all of which may change over time. Lakeland
Bancorp does not assume any obligation for updating any such
forward-looking statements at any time.
Contact:
Lakeland Bancorp, Inc.:
Thomas J. Shara
President & CEO
Joseph F. Hurley
EVP & CFO
973-697-2000
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