Lakeland Bancorp

lbai

Ticker: LBAI

Initial purchase: 9/2/2014

Cost basis: $10.48

Current Portfolio Status: Satellite

Dividend Reinvestment: N

Dividends paid quarterly in Feb, May, Aug, Nov

Shares held on account at Motif

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides banking services for individuals, small to medium sized businesses, and municipalities in northern and central New Jersey. The company accepts various deposit products, including offers checking accounts, savings accounts, demand deposits, time accounts, NOW accounts, money market accounts, and certificates of deposits. It also offers loans comprising short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, merchant credit card services, commercial and industrial loans, secured and unsecured loans, consumer installment loans, and home equity loans. In addition, the company provides wire transfer, Internet banking, mobile banking, night depository, cash management, wealth management, safe deposit boxes, investment and advisory services, and equipment lease financing. Further, it offers securities brokerage services, including mutual funds and variable annuities. As of May 21, 2014, the company operated a network of 52 banking offices located in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union, and Warren counties. Lakeland Bancorp, Inc. was founded in 1969 and is headquartered in Oak Ridge, New Jersey.

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