NJBIZ ranked the 50 fastest growing companies in New Jersey
Oak Ridge, N.J. – Nov. 15, 2019 – Lakeland Bank is pleased to announce that it has been named for the third consecutive year to the New Jersey 50 Fastest Growing Companies list. The 2019 NJBIZ 50 Fastest Growing Companies program recognizes companies which progressively contribute to the success of the state's economic growth and stability.
“To be named among the State’s most esteemed companies for a third consecutive year is a testament to Lakeland Bank’s position as a leader in the financial services industry,” said Ronald Schwarz, Chief Operating Officer of Lakeland Bank. “Today’s banking environment is vastly different from the one in which the Bank first opened its doors 50 years ago, yet we continue to experience remarkable growth by remaining committed to providing exceptional service, investing in our communities and returning value to our shareholders.”
To qualify for the 2019 NJBIZ 50 Fastest Growing Companies award, companies had to meet selection criteria that included a revenue size of at least $500,000 within the past two out of three years and growth in revenue over a three year period, dating from fiscal year 2016 to 2018. Mazars calculated the nominations and ranked the companies according to revenue growth over the three year period. Both dollar and percentage increases were taken into consideration.
NJBIZ and the program sponsors honored this year’s fifty fastest growing companies and announced their rankings during an awards ceremony on Nov. 14 at The Palace at Somerset Park in Somerset, N.J. The Fast 50 companies will be highlighted in a special supplement inserted into an upcoming NJBIZ issue. For more information about the NJBIZ 50 Fastest Growing Companies awards program, visit www.njbiz.com/events.
About Lakeland Bank
Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ:LBAI), which has over $6 billion in total assets. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, N.Y., the Bank offers business and retail banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset based lending, equipment financing, small business loans and lines, and treasury management services. Consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. Lakeland is proud to be recognized as New Jersey’s #1 Best-In-State Banks by Forbes and Statista, rated a 5-Star Bank by Bauer Financial and named one of New Jersey’s 50 Fastest Growing Companies by NJBIZ. Visit LakelandBank.com for more information.