Lakeland Bancorp, Inc. (LBAI)

12.55 +0.03 (+0.24%) At close: 04:00PM EDT

Lakeland Bancorp, Inc.

250 Oak Ridge Road
Oak Ridge, NJ 07438
United States
973 697 2000
https://www.lakelandbank.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 860

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Thomas J. Shara Jr.	Pres, CEO & Director	1.95M	N/A	1958
Mr. Thomas F. Splaine Jr.	Exec. VP & CFO	798.78k	N/A	1966
Mr. Ronald E. Schwarz	Sr. EVP & COO	858.38k	N/A	1955
Mr. Timothy J. Matteson	Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec.	728.37k	N/A	1969
Mr. James M. Nigro	Exec. VP & Chief Risk Officer	737.79k	N/A	1968
Mr. John W. Fredericks	Chairman Emeritus	N/A	N/A	1937
Mr. Sing Loy Ho	Exec. VP & Chief Information Officer	N/A	N/A	1961
Mr. David S. Yanagisawa	Exec. VP & Sr. Loan Officer	N/A	N/A	1952
Ms. Ellen Lalwani	Exec. VP & Chief Banking Officer	N/A	N/A	1965
Mr. Stephen C. Novak	Exec. VP, Sr. Commercial Real Estate Officer & Group Leader of Lakeland Bank	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company is also involved in lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, Small Business Administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, the company provides consumer banking services, which include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, it offers investment advisory services for individuals and businesses; and securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. The company was incorporated in 1989 and is headquartered in Oak Ridge, New Jersey.

Corporate governance

Lakeland Bancorp, Inc.’s ISS governance QualityScore as of 1 September 2023 is 4. The pillar scores are Audit: 9; Board: 4; Shareholder rights: 3; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.