Lakeland Bancorp and Somerset Hills Bancorp Announce Election Form Deadline and Anticipated Closing Date of Merger
May 20 2013 - 4:06PM
Lakeland Bancorp, Inc. (Nasdaq:LBAI) ("Lakeland Bancorp"), the
parent company of Lakeland Bank, and Somerset Hills Bancorp
(Nasdaq:SOMH) ("Somerset Hills Bancorp"), the parent company of
Somerset Hills Bank, today announced that they intend to close the
merger of Somerset Hills Bancorp with and into Lakeland Bancorp
(the "Merger") and the merger of their respective bank subsidiaries
on Friday, May 31, 2013.
In connection with the anticipated closing of the Merger,
Lakeland Bancorp and Somerset Hills Bancorp also announced that the
deadline for submitting Election Forms pertaining to the form of
consideration that Somerset Hills Bancorp shareholders wish to
receive in the Merger will be 5:00 p.m. (New York City time) on
Tuesday, May 28, 2013 (the "Election Form Deadline"), the third
business day prior to the closing of the Merger.
Election Forms were previously mailed to Somerset Hills Bancorp
shareholders of record. To meet the Election Form Deadline, a
shareholder of Somerset Hills Bancorp must properly complete his or
her Election Form and cause it to be delivered by the Election Form
Deadline, along with his or her Somerset Hills Bancorp stock
certificate(s) and any other documents noted in the Election Form
instructions, to American Stock Transfer & Trust Company, LLC,
the Exchange Agent for the Merger. Shareholders of Somerset Hills
Bancorp who have not already returned their Election Forms should
deliver them prior to the Election Deadline to the Exchange Agent
at the address shown below:
If delivering by mail: |
If delivering by hand or courier: |
|
|
American Stock Transfer & Trust
Company, LLC |
American Stock Transfer & Trust
Company, LLC |
Operations Center |
Operations Center |
Attn: Reorganization Department |
Attn: Reorganization Department |
P.O. Box 2042 |
6201 15th Avenue |
New York, New York 10272-2042 |
Brooklyn, New York 11219 |
Somerset Hills Bancorp shareholders who need assistance in
completing their Election Forms, or who would like to request a
copy of an Election Form, may contact the Exchange Agent at (877)
248-6417 or (718) 921-8317.
The Merger transaction is described in the parties' Joint Proxy
Statement and Prospectus dated April 1, 2013. Elections will
be subject to proration in accordance with the Agreement and Plan
of Merger, dated as of January 28, 2013, by and between Lakeland
Bancorp and Somerset Hills Bancorp.
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities. In connection with
the Merger, Lakeland Bancorp has filed a registration statement
with the Securities and Exchange Commission, which was declared
effective. The joint proxy statement and prospectus contained in
the registration statement was mailed to shareholders of Somerset
Hills Bancorp and Lakeland Bancorp. On May 8, 2013, the Merger was
approved by Somerset Hills Bancorp's shareholders and the issuance
of Lakeland common stock pursuant to the Merger was approved by
Lakeland Bancorp's shareholders. Investors are advised to read
the joint proxy statement and prospectus because it contains
important information. Copies of the joint proxy statement and
prospectus and other documents filed by Lakeland Bancorp and
Somerset Hills Bancorp with the SEC are available free of charge at
the SEC's web site at www.sec.gov. Documents filed by Lakeland
Bancorp may also be accessed and downloaded for free at Lakeland
Bancorp's website at www.lakelandbank.com or by directing a request
to Investor Relations, Lakeland Bancorp, Inc., 250 Oak Ridge Road,
Oak Ridge, NJ 07438 (973-697-2000). Documents filed by Somerset
Hills Bancorp may also be accessed and downloaded for free at
Somerset Hills Bancorp's website at www.somersethillsbank.com or by
directing a request to Investor Relations, Somerset Hills Bancorp,
155 Morristown Road, Bernardsville, New Jersey 07924
(908-221-0100).
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. Neither Lakeland Bancorp nor Somerset Hills
Bancorp assumes any obligation for updating any such
forward-looking statements at any time.
CONTACT: Thomas J. Shara
President & CEO, Lakeland Bancorp, Inc.
973-697-2000
Joseph F. Hurley
EVP & CFO, Lakeland Bancorp, Inc.
973-697-2000
Stewart E. McClure, Jr.
President & CEO, Somerset Hills Bancorp
908-630-5000
Alfred J. Soles
EVP & CFO, Somerset Hills Bancorp
908-630-5018
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