Lakeland Bancorp Announces Closing of Acquisition of Somerset Hills Bancorp
May 31 2013 - 2:07PM
Lakeland Bancorp, Inc. (Nasdaq:LBAI) ("Lakeland Bancorp"), the
parent company of Lakeland Bank, announced that its acquisition by
merger of Somerset Hills Bancorp (formerly Nasdaq:SOMH), the parent
company of Somerset Hills Bank, closed today upon the filing of a
Certificate of Merger with the New Jersey Department of Treasury.
Shortly after the merger of the holding companies, Somerset Hills
Bank merged with and into Lakeland Bank.
Following the merger, Lakeland Bank will operate 52 offices in
eight New Jersey counties.
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: Thomas J. Shara
President & CEO
Joseph F. Hurley
EVP & CFO
973-697-2000
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