Lakeland Bank
Lakeland Bank is a New Jersey community bank founded in 1969 and headquartered in Oak Ridge, offering retail, small-business, and middle-market commercial banking services across New Jersey through branches, digital channels, and an M&A-led expansion strategy.
- Company typePrivate
- Founded1969
- HeadquartersOak Ridge, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Lakeland Bank does
Lakeland Bank is a New Jersey-based community bank founded in 1969 and headquartered in Oak Ridge, operating as the banking subsidiary of Lakeland Bancorp. The bank serves retail, small-business, and middle-market commercial customers across New Jersey through a network of branches, with a product platform spanning personal checking and savings accounts (basic, premium, senior, and cash-back tiers), money market accounts, certificates of deposit, IRAs, mortgages, home equity lending, credit cards, and debit cards. Commercial banking capabilities include commercial loans, commercial real estate financing, middle-market banking, small business loans, specialty lending, trade finance, and treasury management services such as ACH origination, Positive Pay fraud prevention, Remote Deposit Capture, lockbox, and sweep accounts. The bank's growth strategy has been predominantly inorganic, completing acquisitions of Somerset Hills Bank (2013), Highlands State Bank (2018, ~$56.7 million), and 1st Constitution Bancorp (announced July 2021, ~$244.4 million all-stock) to deepen its New Jersey footprint, particularly in central New Jersey. Digital delivery is supported through online and mobile banking platforms, Zelle P2P payments, and digital wallet integration, while payroll processing is offered through an Auris partnership.
The business model is a traditional spread-based community banking franchise, generating revenue from net interest income on loans and securities, complemented by noninterest income from deposit service charges, treasury management fees, card interchange, and wealth management activities. Customer acquisition relies on local market presence, branch relationships, and community ties rather than national marketing. The M&A track record and stated earnings-accretive nature of the 1st Constitution deal suggest disciplined consolidation economics, with the bank leveraging scale efficiencies in back-office operations, technology, and funding. Operating geographies are concentrated in New Jersey, with the source data not indicating any material geographic diversification beyond NJ-adjacent markets.
Data quality note: a portion of the supplied product and integration information appears to describe Provident Bank rather than Lakeland Bank (for example, Provident-branded checking products, Beacon Trust, and Provident Investment Services), and the reported financial figures contain formatting errors that render them non-credible (values reported in the hundreds of trillions). This description relies primarily on Lakeland Bank-attributable firmographic, acquisition, and operating evidence.
Lakeland Bank firmographics
Firmographics- Name
- Lakeland Bank
- Website
- https://lakelandbank.com
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Lakeland Bank is a New Jersey community bank founded in 1969 and headquartered in Oak Ridge, offering retail, small-business, and middle-market commercial banking services across New Jersey through branches, digital channels, and an M&A-led expansion strategy.
- Ownership category
- akta.pro rank
Lakeland Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Real Estate (Commercial Property, REITs) (FSABACAH), Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)
Keywords
Where Lakeland Bank is headquartered
LocationHeadquarters
- HQ city
- Oak Ridge
- HQ country
- United States
- HQ region
- North America
Markets served
Lakeland Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Lakeland Bank product offering
Product offeringCore offering
Lakeland Bank operates as a community bank providing deposit accounts, consumer and mortgage lending, commercial and middle-market banking, treasury management, wealth management, and insurance services to retail and business customers across New Jersey, New York City, and Pennsylvania. The bank supplements its branch-based relationship model with digital banking, mobile, Zelle, and digital wallet channels for retail and business clients.
Product overview
Provident Bank is a regional New Jersey community bank offering a comprehensive banking platform with personal and commercial banking services. The core products include multiple checking and savings account types (Basic Checking, Platinum Checking, Money Market, CDs, IRAs), home lending (Mortgages, Home Equity, Affordable Home Loan Programs), and credit products (Credit Cards, Debit Mastercard). Business services encompass Business Checking with Interest, Commercial Checking, Small Business Checking, Community Advantage Checking, Business Money Market, and Commercial Banking products including Commercial Loans, Commercial Real Estate, Middle Market Banking, Small Business Loans, Specialty Lending, and Trade Finance. Treasury Management services include ACH Origination, Positive Pay, Remote Deposit Capture, Lockbox Service, Sweep Investment Accounts, and Zero Balance Accounts. The bank operates three key sub-brands: Beacon Trust (wealth management with $4 billion in assets under administration), Provident Investment Services (investment advisory), and Provident Protection Plus (insurance). Digital banking is delivered through ProvidentConnect Online Banking, Mobile Banking, and Telephone Banking platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts
Companies that use Lakeland Bank
Customer profileSegments1 record
Ideal customer profiles4 records
Lakeland Bank technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Lakeland Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- 1st Constitution BancorpcoreLakeland Bancorp (parent of Lakeland Bank) announced acquisition of 1st Constitution Bancorp in a deal valued at approximately $244.4 million. The all-stock transaction aims to expand Lakeland's assets, market share, and presence in central New Jersey. The merger is expected to enhance financial and operational capabilities and be earnings accretive. Completion was expected in late 2021 or early 2022.
Recent moves4 records
Expansion highlights4 records
Lakeland Bank competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Lakeland Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lakeland Bank leadership team
Management profileNumber of profiles
Profiles4 records
Lakeland Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lakeland Bank M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lakeland Bank
What does Lakeland Bank do?
Lakeland Bank operates as a community bank providing deposit accounts, consumer and mortgage lending, commercial and middle-market banking, treasury management, wealth management, and insurance services to retail and business customers across New Jersey, New York City, and Pennsylvania. The bank supplements its branch-based relationship model with digital banking, mobile, Zelle, and digital wallet channels for retail and business clients.
Is Lakeland Bank a public or private company?
Lakeland Bank is a private company. It is classified as unknown and is currently operating.
When was Lakeland Bank founded?
Lakeland Bank was founded in 1969. It employs 501 to 1,000 people.
Where is Lakeland Bank based?
Lakeland Bank is headquartered in Oak Ridge, United States, in the North America region.
Does Lakeland Bank have an API?
No public API is recorded for Lakeland Bank.
What industry is Lakeland Bank in?
Lakeland Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABACAH, Real Estate (Commercial Property, REITs). Its NAICS code is 52211 and its SIC code is 6022.