Lakeland Bank CEO Message


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Strong, Safe and Sound for 40 Years

In these turbulent times, I want to reassure you that Lakeland Bank remains financially strong. Over the past 40 years, we have successfully managed our company through challenging market environments while always being attentive to our customers, regardless of market disruptions. Our bank is built on conservative underwriting practices and we do not have any sub-prime mortgage programs.

Feel confident that your money is safe at Lakeland Bank. We are a member of the Federal Deposit Insurance Corporation (FDIC). This means that your deposits are insured by the FDIC, which has temporarily raised coverage up to $250,000 per depositor through December 31, 2009. Additionally, Lakeland is also a member of the CDARS® program which allows us to provide FDIC insurance up to $50 million on CDs. *

Lakeland Bank maintains a strong capital position that significantly exceeds federal bank regulatory definitions of a “well capitalized” bank.** With offices located throughout northern New Jersey, Lakeland Bank offers the financial services you need, while always delivering the quality service you deserve. We have extended hours and seven day banking at many of our locations that are fully staffed with financial professionals who can help with all your banking requirements.

Now more than ever is a great time to review your financial situation with us, and I strongly urge you to do so.

Sincerely,

TShara_sign
Thomas J. Shara
President and Chief Executive Officer

*Funds may be submitted for placement only after a depositor enters into the CDARS® Deposit Placement Agreement with Lakeland Bank. The agreement contains important information and conditions regarding the placement of funds by Lakeland Bank. CDARS® is a registered trademark and One Bank. One Rate. One Statement. is a service mark of Promontory Interfinancial Network, LLC.

**Based upon 6/30/08 financial information.