NJBIZ Names Lakeland Bank a 50 Fastest Growing Company
October 18, 2017
Oak Ridge, N.J. – Oct. 18, 2017 – Thomas J. Shara, President and CEO of Lakeland Bank, is pleased to announce that Lakeland Bank has been named one of New Jersey’s 50 Fastest Growing Companies. The award program produced by NJBIZ, New Jersey’s premiere business news publication, is presented by WeiserMazars.
“We were very excited to receive the news that Lakeland was named one of the Fast50 companies by NJBIZ and that we rank among this select group of companies,” said Thomas J. Shara, President and Chief Executive Officer of Lakeland Bank. “With the Bank’s growth and expansion into Middlesex, Monmouth and Ocean counties in New Jersey and to the Hudson Valley Region in New York, we are large enough to compete across the financial services sector, yet remain true to providing a banking experience that customers expect from their local community bank.”
The 2017 NJBIZ 50 Fastest Growing Companies awards program celebrates New Jersey's most dynamic companies who progressively contribute to the success of the state's economic growth and stability. To qualify, 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 2014 to 2016. WeiserMazars calculated the nominations and then 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 will honor this year’s fifty fastest growing companies and announce their rankings live during an awards reception and ceremony on Tuesday, November 14, 2017 at The Palace at Somerset Park in Somerset, N.J. The honorees will be highlighted in a special supplement to NJBIZ on November 21, 2017.
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 $5.4 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 LakelandBank.com for more information.