Lakeland Bancorp, Inc. (LBAI) - NASDAQ
  • Jan. 29, 2013, 9:27 AM

    There's more M&A action in the community banking sector, where Somerset Hills Bancorp (SOMH) agrees to a $12/share buyout offer from Lakeland Bancorp (LBAI). Somerset's last reported book value/share was $7.79, so the deal is getting done at 1.54X book ... nice. Somerset +28% premarket. (PR)

    | Jan. 29, 2013, 9:27 AM
Company Description
Lakeland Bancorp, Inc. operates as a bank holding company, which provides services through its wholly-owned subsidiary Lakeland Bank. The bank offers a full range of lending services, including commercial loans and leases, real estate and consumer loans to small and medium-sized businesses,... More
Sector: Financial
Industry: Regional - Northeast Banks
Country: United States