To effectively navigate and prosper in the public sector today, municipalities and government entities need reliable partners within reach and at a moment's notice. Lakeland Bank’s Government Banking experts are here to help you improve your daily workflow by providing competitive pricing, personal commitment to all clients and customized solutions to unique challenges.
Key Areas of Focus:
Lakeland Bank’s Government Banking Division offers comprehensive deposit and treasury management solutions, as well as any other needs, to organizations across the public sector including Municipal and County Government, School Boards, Utilities, Housing Authorities and more. We provide funding for tax-exempt, bank qualified loans and lease purchase financing for capital improvements, equipment and other financing to support our public sector clients. Our government banking professionals utilize a Relationship Banking approach, allowing our experts to provide value in many different verticals of your organization. Learn more about our services below.
Treasury Management Solutions
An enhanced, secure treasury management platform for large businesses, offering streamlined online functionality. Features include dual controls, flexible file mapping, customizable information reporting and single sign-on to other key treasury management applications.
Automated Clearing House (ACH)
Initiate ACH to quickly and safely send and receive electronic payments, to and from individuals and companies all around the country. Simply utilize saved templates or import NACHA formatted files to our eTreasury Commercial platform for payment disbursement.
Remote Deposit Capture (RDC)
Enjoy the convenience of making deposits electronically 24-hours a day, 7-days a week. Using the latest technology, our desktop scanner captures digital images of your checks and transmits them electronically to the bank’s secure server. It’s like having a 24-hour bank teller right in your office!
Outsource payment processing and collections so your receivables can be deposited into your business account faster than if you did it yourself, saving you valuable time and resources.
Streamline all customer debit and credit card payments, in one place. Let us process your transactions while you enjoy faster access to your money; local banking convenience; 24/7 service, and increased efficiency. Packages can be designed to fit your specific needs and to accommodate Visa®, MasterCard®, American Express®, Discover®, Diner's Club® and debit cards including STAR, NYCE, MAESTRO and INTERLINK® transactions. Learn More
Zero Balance Account
Designed for companies that maintain a general operating account and separate subsidiary accounts for payroll, petty cash, or other purposes. With Zero Balance Accounts (ZBAs), all of your company’s funds are consolidated into one operating account which maximizes funds available for investment. Funds are automatically transferred to the subsidiary accounts for the exact amount of the disbursement, thereby maintaining a zero balance in each subsidiary account. This automated process allows you to reduce idle balances and eliminate potential overdrafts.
A sub-accounting service that offers tools to streamline daily processing, help manage complex accounts and online access 24/7.
Positive Pay/Positive Payee
When it comes to security, it’s best to be proactive. Use Positive Pay/Positive Payee to easily monitor checks and check payees presented against your account. We will keep you up-to-date with account activity so you can avoid potential losses. You will send us a check issue file through the eTreasury Commercial platform, we will notify you when a discrepancy item is presented and you will then advise to pay or reject the item.
ACH Positive Pay
Use this online fraud mitigation service to prevent unauthorized ACH debits from posting to your business account via filters and blocks. Upon setup, you will be able to establish specific filters which can prevent unauthorized transactions while allowing certain transactions to occur as expected. You will also have the ability to add blocks to your account which will prevent unauthorized electronic transactions from occurring.
When you submit a file including check issue data, we provide a complete reconciliation of outstanding, paid checks, and exception items with the option of reconciling accounts monthly.
Improve cash flow while staying within budget with interest-bearing checking accounts and money market accounts, certificates of deposit, and IntraFI FDIC Insured CDs and Money Market Investments.
Lakeland Bank provides funding for tax-exempt bank-qualified loans, lease purchase financing for capital improvements & equipment, and short-term financing for Bond Anticipation Notes (BANs), Tax Anticipation Notes (TANs), Tax & Revenue Anticipation Notes (TRANs) and other acceptable investments.
For more information, contact our Government Banking Team:
ASSISTANT TREASURER GOVERNMENT BANKING SPECIALIST
- mFranchini at lakelandbank dot com
Lakeland Bank is a certified NJ GUDPA funds depository.