
Lakeland Bank
A variety of personal banking, business banking & wealth management products to communities in new jersey & new york.
- Finance
- banking
Date | Investors | Amount | Round |
---|---|---|---|
* | $546m | Acquisition | |
Total Funding | 000k |
USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 3 % | 14 % | 5 % | 11 % | 32 % | (11 %) |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | 28 % | 33 % | 32 % | 25 % | 37 % | 32 % | 28 % |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Lakeland Bank was founded in 1969 by three visionary businessmen, Bob Nicholson, John Fredericks, and Bruce Bohuny. They recognized the need for a local bank that could serve the financial needs of their community in Oak Ridge, New Jersey. Their mission was to provide personalized banking services, focusing on customer satisfaction and community involvement.
Over the years, Lakeland Bank grew steadily, expanding its services and footprint across New Jersey. The bank became known for its commitment to community banking, offering a range of financial products and services tailored to individuals and small businesses.
A significant milestone in Lakeland Bank's journey occurred in 2024 when it merged with Provident Financial Services, Inc. This merger marked a new chapter for Lakeland Bank, as it joined forces with a larger financial institution to enhance its service offerings and expand its reach. The merger was completed on May 16, 2024, and was seen as a strategic move to create synergies and deliver greater value to stakeholders.
Throughout its history, Lakeland Bank has remained true to its founding principles, maintaining a strong focus on community engagement and customer service. The bank's journey from a small local bank to becoming part of a larger financial entity reflects its adaptability and commitment to serving its customers' evolving needs.
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Investments by Lakeland Bank
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