Lakeland Bancorp: Bank expands healthcare banking services to other states – July 11, 2022

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Ready now available in MA, OH, VA and FL

Oak Ridge, New Jersey – July 11, 2022 – Lakeland Bank is pleased to announce that its Healthcare Banking division is expanding into new markets in the North and Southeast as well as the Midwest. Services are now available in Massachusetts, Ohio, Virginia and Florida, in addition to New Jersey, New York, Pennsylvania, Connecticut, Maryland and Delaware – areas that the services team Lakeland Health Banks has been serving effectively since 2019. This recent expansion expands the reach of our resources for health organizations and not for profit.

“Lakeland’s healthcare platform has provided more than $500 million in loans in our core markets around New Jersey, New York and Connecticut, so we’re excited to have the opportunity to expand our services to other parts of the country. At Lakeland Bank, we are dedicated to building relationships and connecting with our customers – it’s what sets us apart from others, and we look forward to helping meet the needs of new and existing customers in these added states,” said Ron Krauskopf, senior senior vice president, healthcare banking team leader.

Lakeland Bank’s Healthcare Bank offers comprehensive loan and cash management solutions to organizations across the healthcare spectrum. With proven financing deals of over $60 million and a solid understanding of the healthcare landscape, our team of experts has become a go-to partner for nonprofit organizations, hospitals, higher education, seniors’ residences, private equity groups, buyers of medical office buildings, real estate investment trusts, large medical practices, behavioral health and ambulatory/outpatient facilities.

For more information on Lakeland Bank’s health banking services, visit our website.

Ron Krauskopf

Senior Senior Vice President, Healthcare Lending

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Roberto Camacho

Vice President, Healthcare Lending

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About Lakeland Bank

Lakeland Bank is the wholly owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ: LBAI), which has total assets of over $10 billion. With an extensive network of branches and commercial lending centers throughout New Jersey and Highland Mills, NY, the Bank offers business and personal banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, healthcare loans, asset-based loans, equipment financing, small business loans and lines of credit, and services cash management. Consumer services include online and mobile banking, home equity loans and spreads, mortgage options and wealth management solutions. Lakeland is proud to be recognized as the Best Bank in the State of New Jersey by Forbes and Statista, named Best Bank to Work For by American Banker and Best Companies Group, rated a 5-Star Bank by Bauer Financial, and named one of New Jersey’s 50 Fastest Growing Companies by NJBIZ. Visit LakelandBank.com for more information.

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