Lakeland Bancorp to Sell $100M of Securities

Lakeland Bancorp

announced that it has filed a renewal universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC"). Once the SEC declares the shelf registration statement effective, it will replace the Company's existing shelf registration statement, and will permit the Company to offer and sell, from time to time, up to $100 million of equity, debt or other types of securities described in the shelf registration statement, or any combination of such securities, in one or more future public offerings. The Company's existing shelf registration statement, which expires on November 9, 2012, also permitted the Company to offer up to $100 million of securities. The filing was made in order to continue to provide the Company with financial flexibility. The Company does not have any current plans to sell securities under the new shelf registration statement. If and when the Company offers any securities under the new registration statement, the Company will prepare and make available a prospectus supplement that includes the specific terms of the securities being offered, the use of proceeds and other terms of the offering. The new shelf registration statement has been filed with the SEC, but has not yet become effective. Securities may not be sold nor may offers to buy be accepted prior to the time that the new registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.