LBAI Profile
Lakeland Bancorp, Inc. functions as the holding company overseeing Lakeland Bank, a provider of diverse banking products and services catering to individuals and small to medium-sized businesses. Established in 1969 and based in Oak Ridge, New Jersey, the company operates with a strong commitment to delivering comprehensive financial solutions tailored to meet the unique needs of its clientele.
At its core, Lakeland Bank offers a wide array of commercial banking services, including savings accounts, money market accounts, time deposits, and demand deposit accounts. These offerings provide essential liquidity management solutions for businesses of varying sizes, ensuring flexibility and reliability in financial operations.
Lakeland Bancorp is deeply involved in lending activities, providing a broad spectrum of loan products to support business growth and development. These include 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. The bank also offers robust online banking, mobile banking, wire transfer services, and cash management solutions such as remote deposit capture and overnight sweep repurchase agreements.
In addition to its commercial focus, Lakeland Bank extends comprehensive consumer banking services encompassing 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. The company further enhances its offerings with investment advisory services for individuals and businesses, securities brokerage services including mutual funds and variable annuities, as well as commercial title insurance and life insurance products, positioning itself as a holistic financial partner in the communities it serves.
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