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Lakeland Bancorp, Inc. (LBAI)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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15.01-0.20 (-1.31%)
At close: 04:00PM EDT
15.01 0.00 (0.00%)
After hours: 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
IndustryBanks—Regional
Full-time employees681

Key executives

NameTitlePayExercisedYear born
Mr. Thomas J. Shara Jr.Pres, CEO & Director1.74MN/A1958
Mr. Thomas F. Splaine Jr.Exec. VP & CFO735.39kN/A1966
Mr. Ronald E. SchwarzSr. EVP & COO803.69kN/A1955
Mr. Timothy J. MattesonExec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec.648.2kN/A1969
Mr. James M. NigroExec. VP & Chief Risk Officer653.64kN/A1968
Mr. John W. FredericksChairman EmeritusN/AN/A1937
Mr. Sing Loy HoExec. VP & Chief Information OfficerN/AN/A1961
Ms. Jenifer ThomaExec. VP & Chief HR OfficerN/AN/AN/A
Mr. David S. YanagisawaExec. VP & Sr. Loan OfficerN/AN/A1952
Ms. Ellen LalwaniExec. VP & Chief Banking OfficerN/AN/A1964
Amounts are as of 31 December 2021, 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. The company provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. It 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 (SBA) 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, it 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, the company 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. As of December 31, 2021, it operated 48 branch offices located throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey and in Highland Mills, New York; operated six New Jersey regional commercial lending centers in Bernardsville, Iselin, Jackson, Montville, Teaneck and Waldwick; and one New York commercial lending center to serve the Hudson Valley region. The company was incorporated in 1969 and is headquartered in Oak Ridge, New Jersey.

Corporate governance

Lakeland Bancorp, Inc.’s ISS governance QualityScore as of 1 May 2022 is 2. The pillar scores are Audit: 3; Board: 3; 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.