Lakeland Bank Hires Mortgage Representative

Oak Ridge, N.J. – June 5, 2017 – Thomas J. Shara, President and CEO of Lakeland Bank, is pleased to announce the following appointments.

Peter Byrne has been hired as a Mortgage Representative based in Montville and Summit, N.J. Joining Lakeland with more than 30 years of industry experience, he was most recently an Assistant Vice President for the Private Client Group with PNC Bank in Madison, N.J. Byrne earned a bachelor’s degree from Saint Bonaventure University, performed graduate work at Seton Hall University and holds Series 7, 63, Life and Health licenses. Byrne is a member of the Knights of Columbus and serves on the Oratory Prep and Saint Rose of Lima committees. He resides in South Orange, N.J.

Steve Kotarsky has been hired as a Mortgage Representative based in Hackensack, N.J. Joining Lakeland with more than 28 years of mortgage industry experience, Kotarsky was most recently a Mortgage Representative with Community Federal Savings Bank in Morristown, N.J. Prior to that, he was a Senior Loan Officer at Emery Federal Credit Union in Cincinnati, Ohio. Kotarsky resides in Bergen County.

Elaine Madsen has been hired as a Mortgage Representative based in Sparta, N.J. Madsen joins Lakeland with more than 18 years of real estate and mortgage industry experience. Since 1999, she has been a Loan Officer with several organizations including Weichert Financial Services, Washington Mutual Home Loans and GMAC. She earned a Bachelor of Science degree in business at Caldwell University and is an active volunteer with Pass It Along and Equine Tranquility Wellness Center. Madsen resides in Sparta.

About Lakeland Bank

Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ:LBAI), which has $5.2 billion in total assets. The Bank operates 53 branch offices throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey including one branch in Highland Mills, New York; six New Jersey regional commercial lending centers in Bernardsville, Jackson, Montville, Newton, Teaneck and Waldwick; and one in New York to serve the Hudson Valley region. Lakeland also has a commercial loan production office serving Middlesex and Monmouth counties in New Jersey.  Lakeland Bank offers an extensive suite of financial products and services for businesses and consumers. Visit for more information.

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