Lakeland Bank is a wholly owned subsidiary of Lakeland Bancorp Inc. This means Lakeland Bancorp Inc. holds complete ownership of Lakeland Bank.
Understanding Lakeland Bank's Ownership Structure
Lakeland Bank operates under a common corporate structure where it functions as a subsidiary of a larger holding company, Lakeland Bancorp Inc. This arrangement allows the parent company to oversee and manage the bank's operations, assets, and strategic direction.
About Lakeland Bancorp Inc.
Lakeland Bancorp Inc. serves as the financial holding company for Lakeland Bank. As of December 31, 2023, Lakeland Bancorp Inc. reported total assets of $11.14 billion, reflecting its significant presence in the financial sector.
Here's a brief overview of the key entities:
| Entity | Relationship to Lakeland Bank | Key Financial Metric (as of Dec 31, 2023) | Primary Geographic Focus |
|---|---|---|---|
| Lakeland Bancorp Inc. | Wholly Owned Parent Company | $11.14 Billion (Total Assets) | New Jersey & New York Regions (Oversight) |
| Lakeland Bank | Wholly Owned Subsidiary | (Assets included in Bancorp's total) | New Jersey & Highland Mills, New York |
Lakeland Bank's Operations and Services
Lakeland Bank is a financial institution with an extensive network of branches and dedicated commercial lending centers. These facilities are spread throughout New Jersey and extend to Highland Mills, New York. The bank offers a diverse portfolio of financial products and services designed to meet the needs of both individual consumers and businesses.
Key offerings typically include:
- Business Banking Solutions:
- Commercial loans and lines of credit
- Treasury management services
- Business checking and savings accounts
- Merchant services
- Retail Banking Services:
- Personal checking and savings accounts
- Mortgage and home equity loans
- Personal loans and credit cards
- Investment and wealth management products
The bank's operational focus is on providing comprehensive and accessible financial solutions to the communities it serves across its branch footprint.
For further insights into financial news concerning Lakeland Bank and related entities, a reputable source is available: Provident-Lakeland bank merger gets final approval - ROI-NJ.
