Under Pressure to Get Bigger

January 11th, 2016
Lakeland Bancorp Chief Executive Officer Thomas Shara believes his company has a reputation for doing M&A well, and this makes his bank an attractive acquisition partner for smaller institutions. The $3.7 billion asset holding company, based in Newfoundland, New Jersey, expects to close its acquisition of Pascack Bancorp, with $402 million in assets, in January of 2016. Its regulators, the Federal Deposit Insurance Corp. and the New Jersey De...

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Emily McCormick is the vice president of research for Bank Director, an information resource for directors and officers of financial companies.You can follow her on Twitter at twitter.com/ehmccormick or get connected on LinkedIn.