Lakeland Bancorp Agreed to Sell 2M Shares at $9.65, Will Use Proceeds to Redeem Sub Debs

Lakeland Bancorp, Inc.

, the holding company for Lakeland Bank, today announced that it has entered into an underwriting agreement with Keefe Bruyette & Woods, Inc., acting as sole underwriter, providing for the public offering of 621,762 shares of the Company's Common Stock at a public offering price of $9.65 per share. The Company has granted the underwriter an option, exercisable for a period of 30 days, to acquire up to an additional 62,176 shares at the same price to cover over-allotments.