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Lakeland Bank

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uuid0009pcn

Namestring
Lakeland Bank
Websiteurl
lakelandbank.com
Company typeenum
Private
Founded yearint
1969
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersOak Ridge, United States
HQ citystring
Oak Ridge
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
community banking services, commercial lending solutions, wealth management advisory, treasury management services, mortgage and consumer lending
Industry3 codes
1Mass-Market Consumer Deposit Banking (Checking/Savings)
CodeFSABAAAAPrimaryYes
2Real Estate (Commercial Property, REITs)
CodeFSABACAHPrimaryNo
3Onshore Private Banking (Domestic HNW/UHNW)
CodeFSAAABAAPrimaryNo
NAICS code2 codes
  • Commercial Banking52211
  • Depository Credit Intermediation5221
SIC code1 code
  • State Commercial Banks6022
Product category
Community Banking
No data
Cost components5 values
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service1 record
1Personal Checking Accounts
Partnership1 partner
11st Constitution Bancorp
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-07-12
Description

Lakeland 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 move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lakeland Bank

Community Bankinglakelandbank.com

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.

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

  • Community banking services
  • Commercial lending solutions
  • Wealth management advisory
  • Treasury management services
  • Mortgage and consumer lending

Where Lakeland Bank is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments1 record

Ideal customer profiles4 records

Lakeland Bank technology and API

Technology

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

Lakeland Bank partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • 1st Constitution BancorpcoreStrategic or Co-development Partner · 12 July 2021Lakeland 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 assessment

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Lakeland Bank financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lakeland Bank leadership team

Management profile

Number of profiles

Profiles4 records

Lakeland Bank funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
njFeds tried to end decree on discriminatory real estate practice in N.J. cityA federal judge in Newark denied the Justice Department's motion to terminate a consent decree against Lakeland Bank, which was found to have engaged in redlining discriminatory lending practices in Newark's Black and Latino neighborhoods. The judge ruled that $4 million of the required $12 million in mortgage subsidies had not yet been allotted, and the bank provided no concrete evidence that early termination would benefit the community. The decree remains in effect through 2027, though Provident Bank, which acquired Lakeland in May 2024, stated it remains committed to fulfilling the original terms.American BankerFeds lose bid to terminate Lakeland Bank's Biden-era redlining dealA federal judge ruled against the Trump administration's attempt to prematurely terminate a redlining consent order against New Jersey-based Lakeland Bank, now owned by Provident Bank. The bank must continue its obligations under the 2022 five-year deal, including disbursing the remaining $4.2 million from a $12 million loan subsidy fund for minority borrowers in majority Black and Hispanic census tracts in the Newark area. The ruling marks the third defeat in the past year for federal efforts to overturn Biden-era redlining consent orders against lenders.GlobeNewswireProvident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc.Provident Financial Services, Inc. has completed its merger with Lakeland Bancorp, Inc., creating a combined banking franchise with approximately $24.5 billion in pro forma assets and 140 branches across New Jersey, New York, and Pennsylvania. The transaction results in Provident shareholders owning 58% of the new entity while Lakeland shareholders own 42%, with operations continuing under the Provident Bank brand until systems integration is scheduled for September 2024. This strategic combination aims to expand market presence and leverage diverse revenue streams including commercial real estate and wealth management.GlobeNewswireLakeland Bancorp, Inc. Announces Date For 2023 Annual Meeting of ShareholdersLakeland Bancorp announced its 2023 annual meeting will be held virtually on December 28, 2023, with a record date of November 17, 2023. The agenda includes electing directors, approving executive compensation, and ratifying KPMG as auditor. The meeting may be cancelled if the merger with Provident Financial Services is completed before then.GlobeNewswireProvident Financial Services, Inc. and Lakeland Bancorp, Inc. to Combine to Create New Jersey’s Premier Super-Community Banking FranchiseProvident Financial Services and Lakeland Bancorp announced a definitive all-stock merger valued at approximately $1.3 billion, combining to create a super-community bank. The combined entity will have over $25 billion in assets and $20 billion in deposits, with Lakeland shareholders receiving 0.8319 Provident shares per Lakeland share. The merger is expected to close in the second quarter of 2023.GlobeNewswireProvident Financial Services, Inc. and Lakeland Bancorp,Provident Financial Services and Lakeland Bancorp announced a definitive all-stock merger valued at approximately $1.3 billion, combining their New Jersey banking operations. The combined company will have over $25 billion in assets and $20 billion in deposits, with Lakeland shareholders receiving 0.8319 Provident shares per Lakeland share. The merger is expected to close in the second quarter of 2023.MarketWatchProvident Financial to buy Lakeland Bancorp for an 18% premium in a $1.3 billion stock dealProvident Financial Services Inc. has agreed to acquire Lakeland Bancorp Inc. in a stock transaction valued at approximately $1.3 billion, offering an 18% premium to Lakeland shareholders. The combined entity is projected to hold over $25 billion in assets and $20 billion in deposits, with the deal expected to close in the second quarter of 2023.GlobeNewswireLakeland Bancorp, Inc. and 1st Constitution Bancorp Announce Final Regulatory Non-Objection in Connection with Proposed MergerLakeland Bancorp and 1st Constitution Bancorp received a Federal Reserve non-objection on December 10, 2021, for their proposed merger. The merger is expected to close on January 6, 2022, subject to customary conditions.GlobeNewswireLakeland Bancorp, Inc. and 1st Constitution BancorpLakeland Bancorp and 1st Constitution Bancorp received FDIC and New Jersey banking approval for their merger. The deal awaits Federal Reserve approval and shareholder votes on December 3, 2021. Lakeland's assets were $8.17 billion and 1st Constitution's were $1.91 billion as of September 30, 2021.GlobeNewswireLakeland Bancorp, Inc. to Acquire 1st Constitution BancorpLakeland Bancorp, Inc. announced a definitive agreement to acquire 1st Constitution Bancorp in a stock-and-cash transaction valued at approximately $244.4 million. The merger creates a combined entity with roughly $9.6 billion in assets and is expected to close by early 2022 following regulatory and shareholder approvals.