NJBIZ Names Lakeland Bank to 2018 FAST50 List
November 14, 2018
Oak Ridge, N.J. – Nov. 14, 2018 – Thomas J. Shara, President and CEO of Lakeland Bank, is pleased to announce that Lakeland Bank has been named for the second consecutive year to the New Jersey 50 Fastest Growing Companies list. The award program produced by NJBIZ, New Jersey’s premiere business news publication, was presented by Mazars.
“We are excited that Lakeland Bank was once again named as one of the Fast 50 companies by NJBIZ and honored to be ranked among this select group of companies in New Jersey,” said Thomas J. Shara, President and Chief Executive Officer of Lakeland Bank. “As the Bank continues to organically grow our business in existing markets as well as expand into new territory, we remain focused on our long-term strategy to provide our customers with a banking experience that meets their needs.”
Lakeland Bank was ranked 21st on the list of New Jersey’s most dynamic companies. The 2018 NJBIZ 50 Fastest Growing Companies awards program held on Nov. 13 recognized the companies which 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 2015 to 2017. Mazars 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 honored this year’s fifty fastest growing companies and announced their rankings during an awards ceremony on Nov. 13 at The Palace at Somerset Park in Somerset, N.J. The Fast 50 companies will be highlighted in a special supplement inserted into the NJBIZ issue on November 20, 2018. 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 $5.6 billion in total assets. The Bank operates 50 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 New York commercial lending center 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.