Lakeland Bank Named to Sandler O’Neill Sm-All Stars
October 02 2017 - 8:00AM
Lakeland Bancorp, Inc. (NASDAQ:LBAI) (the “Company”), the parent
company of Lakeland Bank (“Lakeland”), announced that the Company
has been named to the Sandler O’Neill Sm-All Stars Class of
2017. This is the first year Lakeland has received this prestigious
recognition.
“To be included on this list of only 29
institutions in the nation is a tremendous honor,” said Thomas J.
Shara, President and CEO of Lakeland Bank. “And, it is a reflection
of our strong team-based culture, our approach to
relationship-based banking and our long-standing tradition of
conducting business clearly and honestly.”
Sandler O’Neill, an independent, full-service
investment banking firm, evaluated 404 publicly traded banks and
thrifts with a market cap below $2.5 billion. Their evaluation
examined growth, profitability, credit quality and capital strength
and eliminated 375 institutions, or 93% of banks and thrifts that
trade on a major exchange. Sandler O'Neill's report stated:
"The performance metrics of the remaining 29 institutions are
outstanding, with the Class of 2017 delivering bottom line results
that are markedly better that the industry as a whole."
About Lakeland BankLakeland
Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc.
(NASDAQ:LBAI), which has $5.4 billion in total assets. The Bank
operates 53 branch offices throughout Bergen, Essex, Morris, Ocean,
Passaic, Somerset, Sussex, and Union counties in New Jersey
including one branch in Highland Mills, New York; six New Jersey
regional commercial lending centers in Bernardsville, Jackson,
Montville, Newton, Teaneck and Waldwick; and one in New York to
serve the Hudson Valley region. Lakeland also has a commercial loan
production office serving Middlesex and Monmouth counties in New
Jersey. Lakeland Bank offers an extensive suite of financial
products and services for businesses and consumers.
Visit LakelandBank.com for more information.
Thomas J. Shara
President & CEO Thomas F. Splaine
EVP & CFO 973-697-2000
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