Key Developments For Lakeland Bancorp Inc
Lakeland Bancorp Inc (LBAI.O) (Nasdaq)
Lakeland Bancorp, Inc. Declares Dividend
Lakeland Bancorp, Inc. announced that it has declared a quarterly cash dividend of $0.05 per common share, payable on November 13, 2009 to holders of record as of the close of business on November 2, 2009. The Company also declared a dividend of 5% for the quarterly dividend payment due November 16, 2009 for the preferred stock issued to the U.S. Treasury under the Capital Purchase Program.
Lakeland Bancorp, Inc. Declares Quarterly Dividend
Lakeland Bancorp, Inc. announced that declared a quarterly cash dividend of $0.05 per common share, reduced from $0.10 paid in the prior quarter, as a result of the Net Loss for the second quarter, payable on August 14, 2009 to holders of record as of the close of business on August 5, 2009. The Company also declared a dividend of 5% for the quarterly dividend payment due August 15, 2009 for the preferred stock issued to the U.S. Treasury under the Capital Purchase Program.
Lakeland Bancorp, Inc. Announces Sale Of Portion Of Leasing Portfolio
Lakeland Bancorp, Inc. announced that its wholly owned subsidiary, Lakeland Bank (Bank), has completed the sale for $23.6 million of four pools of leases having a combined net receivable balance of $33.1 million, including $7.4 million in non-performing assets. This will result in a second quarter pre-tax loss of $9.5 million and an after-tax loss of $5.6 million associated with these transactions. These sales are part of the Bank's ongoing program to reduce risk within its lease portfolio.
Lakeland Bancorp, Inc. Declares Quarterly Dividend
Lakeland Bancorp, Inc. announced that it has declared a quarterly cash dividend of $0.10 per common share. The cash dividend will be paid on May 15, 2009, to holders of record as of the close of business on April 30, 2009. The Company also declared a dividend of 5% for the quarterly dividend payment due May 15, 2009 for the preferred stock issued to the U.S. Treasury under the Capital Purchase Program.
Lakeland Bancorp, Inc. Declares Quarterly Dividend
Lakeland Bancorp, Inc. announced that it has declared a quarterly cash dividend of $0.10 per common share. The cash dividend will be paid on February 13, 2009, to holders of record as of the close of business on January 30, 2009.
