Lakeland Bank - M&A Summary and Business Overview

Financial ServicesCompany

Lakeland Bank M&A Summary

Lakeland Bank has acquired 4 companies, including 1 in the last 5 years.

Lakeland Bank’s largest acquisition to date was in 2021, when it acquired 1st Constitution Bancorp. for $244M. Lakeland Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

Lakeland Bank Business Overview

Where is Lakeland Bank headquartered?

Lakeland Bank is headquartered in Oak Ridge, New Jersey.

What is Lakeland Bank’s revenue?

Lakeland Bank disclosed revenue of 338M USD for 2022 and 257M USD for 2021.

How many employees does Lakeland Bank have?

Lakeland Bank has 860 employees.

What sector is Lakeland Bank in?

Lakeland Bank is a financial services company.

When was Lakeland Bank founded?

Lakeland Bank was founded in 1989.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 5

Lakeland Bank

Lakeland Bancorp, Inc.

250 Oak Ridge Road,
Oak Ridge, New Jersey 07438
United States,
(973) 697-2000
www.lakelandbank.com

Lakeland Bank is a holding company for Lakeland Bank offers an extensive array of consumer and commercial financial products and services, including online and mobile banking, localized commercial lending teams, an expanded residential mortgage lending platform and 24-hour-or-less turnaround on consumer loan applications. Lakeland Bank was founded in 1969 and is based in Oak Ridge, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $76M $244M $320M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
1st Constitution Bancorp. 2021-07-12 244M USD Add-on Acquisition
Cranbury, New Jersey · www.1stconstitution.com
Harmony Bank 2016-02-18 32M USD Merger
Lakewood, New Jersey · www.myharmonybank.com
Pascack Bancorp, Inc. 2015-08-04 44M USD Merger
Waldwick, New Jersey · www.pascackbank.com
Somerset Hills Bancorp 2013-05-31 - Add-on Acquisition
Bernardsville, New Jersey · www.somersethillsbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (100%) 320M (100%) - -
Total 4 $320M - -

By Geo

State/Country Buy Value Sell Value
United States 4 320M - -
  New Jersey 4 320M - -
Total 4 $320M - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
 2
Raymond James - Investment Banking
 1
Sandler O'Neill + Partners LP
 1
Legal Deals
Lowenstein Sandler
 2
Luse Gorman
 1

Deal Values

buy # Total
$100M to $1B 1 $244M
< $100M 2 $76M
TOTAL $320M
Largest 1st Constitution Bancorp.
$244M (2021-07-12)

Company Summary

SECTOR

Financial Services

Revenue

338   32% 2022
257   11% 2021
232   6% 2020
220   14% 2019
194   3% 2018
189   15% 2017
165   2016
(millions of USD) Show More Show Less

Employees

860

Established

1989

Public

NASDAQ: LBAI

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