Lakeland Bancorp, Inc. (LBAI)

12.84 -0.01 (-0.08%) At close: 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
Industry: Banks - Regional
Full Time Employees: 826

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Thomas J. Shara Jr.	President, CEO & Director	1.58M	N/A	1958
Mr. Thomas F. Splaine Jr.	Executive VP & CFO	679.22k	N/A	1966
Mr. Ronald E. Schwarz	Senior EVP & COO	716k	N/A	1955
Mr. Timothy J. Matteson	Executive VP, Chief Administrative Officer, General Counsel & Corporate Secretary	610.4k	N/A	1969
Mr. James M. Nigro	Executive VP & Chief Risk Officer	607.36k	N/A	1968
Mr. Sing Loy Ho	Executive VP & Chief Information Officer	N/A	N/A	1961
Mr. David S. Yanagisawa	Executive VP & Senior Loan Officer	398.35k	N/A	1952
Ms. Ellen Lalwani	Executive VP & Chief Banking Officer	N/A	N/A	1964
Mr. Stephen C. Novak	Executive VP, Sr. Commercial Real Estate Officer & Group Leader of Lakeland Bank	N/A	N/A	N/A
Ms. Karen Garrera	Executive VP & Chief Retail Officer	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is 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 provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers 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 loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, it provides consumer banking services comprising 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; life insurance products; and non-deposit products, such as securities brokerage services, including mutual funds, variable annuities, and insurance. The company was founded in 1969 and is headquartered in Oak Ridge, New Jersey.

Corporate Governance

Lakeland Bancorp, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 4. The pillar scores are Audit: 9; Board: 4; Shareholder Rights: 3; Compensation: 5.

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 a 10 indicates higher governance risk.