LBAI » Topics » LAKELAND BANCORP, INC.

These excerpts taken from the LBAI 10-K filed Mar 16, 2009.

LAKELAND BANCORP, INC.

STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">(Exact name of registrant as specified in its charter)

 



























New Jersey 22-2953275
(State or other jurisdiction of
incorporation or organization)
 (I.R.S. Employer
Identification No.)
250 Oak Ridge Road, Oak Ridge, New Jersey 07438
(Address of principal executive offices) (Zip code)

LAKELAND BANCORP, INC.

STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">(Exact name of registrant as specified in its charter)

 



























New Jersey 22-2953275
(State or other jurisdiction of
incorporation or organization)
 (I.R.S. Employer
Identification No.)
250 Oak Ridge Road, Oak Ridge, New Jersey 07438
(Address of principal executive offices) (Zip code)

LAKELAND BANCORP, INC.

FACE="Times New Roman" SIZE="2">Form 10-K Index

 
















































































































































































      PAGE
PART I

Item 1.

  

Business

  1

Item 1A.

  

Risk Factors

  12

Item 1B.

  

Unresolved Staff Comments

  17

Item 2.

  

Properties

  18

Item 3.

  

Legal Proceedings

  18

Item 4.

  

Submission of Matters to a Vote of Security Holders

  18

Item 4A.

  

Executive Officers of the Registrant

  19
PART II

Item 5.

  

Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities

  20

Item 6.

  

Selected Financial Data

  23

Item 7.

  

Management’s Discussion and Analysis of Financial Condition and Results of Operations

  25

Item 7A.

  

Quantitative and Qualitative Disclosures About Market Risk

  45

Item 8.

  

Financial Statements and Supplementary Data

  46

Item 9.

  

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

  82

Item 9A.

  

Controls and Procedures

  82

Item 9B.

  

Other Information

  84
PART III

Item 10.

  

Directors, Executive Officers and Corporate Governance

  85

Item 11.

  

Executive Compensation

  85

Item 12.

  

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

  85

Item 13.

  

Certain Relationships and Related Transactions, and Director Independence

  85

Item 14.

  

Principal Accountant Fees and Services

  85
PART IV

Item 15.

  

Exhibits and Financial Statement Schedules

  86

Signatures

  S-1

 


i







Table of Contents


LAKELAND BANCORP, INC.

FACE="Times New Roman" SIZE="2">Form 10-K Index

 
















































































































































































      PAGE
PART I

Item 1.

  

Business

  1

Item 1A.

  

Risk Factors

  12

Item 1B.

  

Unresolved Staff Comments

  17

Item 2.

  

Properties

  18

Item 3.

  

Legal Proceedings

  18

Item 4.

  

Submission of Matters to a Vote of Security Holders

  18

Item 4A.

  

Executive Officers of the Registrant

  19
PART II

Item 5.

  

Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities

  20

Item 6.

  

Selected Financial Data

  23

Item 7.

  

Management’s Discussion and Analysis of Financial Condition and Results of Operations

  25

Item 7A.

  

Quantitative and Qualitative Disclosures About Market Risk

  45

Item 8.

  

Financial Statements and Supplementary Data

  46

Item 9.

  

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

  82

Item 9A.

  

Controls and Procedures

  82

Item 9B.

  

Other Information

  84
PART III

Item 10.

  

Directors, Executive Officers and Corporate Governance

  85

Item 11.

  

Executive Compensation

  85

Item 12.

  

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

  85

Item 13.

  

Certain Relationships and Related Transactions, and Director Independence

  85

Item 14.

  

Principal Accountant Fees and Services

  85
PART IV

Item 15.

  

Exhibits and Financial Statement Schedules

  86

Signatures

  S-1

 


i







Table of Contents


These excerpts taken from the LBAI DEF 14A filed Dec 29, 2008.

LAKELAND BANCORP, INC.

250 Oak Ridge Road

Oak Ridge, New Jersey 07438

December 29, 2008

Mr. Eric Envall, Esq.

Division of Corporation Finance

Securities and Exchange Commission

100 F Street, N.E.

Mail Stop 4561

Washington, D.C. 20549

 

  Re: Lakeland Bancorp, Inc.

Lakeland Bancorp, Inc.

Section 3 shall be amended and restated in its entirety as follows:

 

  3. Capitalization. The total authorized capital stock of the Corporation shall be 41,000,000 shares, consisting of:

 

  1. 1,000,000 shares of preferred stock, no par value (“Preferred Stock”); and

 

  2. 40,000,000 shares of common stock, no par value (“Common Stock”).

The Board of Directors is authorized to issue the Preferred Stock from time to time in one or more classes or series, each such class or series to have voting powers (if any), conversion rights (if any), designations, preferences and relative, participating, optional or other special rights, and such qualifications, limitations or restrictions thereof, as shall be determined by the Board of Directors and stated and expressed in a resolution or resolutions thereof providing for the issuance of such Preferred Stock. Shares of the authorized capital stock may be issued from time to time for such consideration as may be fixed from time to time by the Board of Directors. Subject to the powers, preferences and rights of any Preferred Stock, including any class or series thereof, having preferences or priority over, or rights superior to, the Common Stock and except as otherwise provided by law, the holders of the Common Stock shall have and possess all powers and voting and other rights pertaining to the stock of the Corporation. In furtherance of the immediately preceding sentence:

1. General. All shares of Common Stock will be identical and will entitle the holders thereof to the same rights and privileges. The voting, dividend, liquidation and other rights of the holders of the Common Stock are subject to, and qualified by, the rights of the holders of the Preferred Stock, if any.

2. Voting. The holders of Common Stock will be entitled to one vote per share on all matters to be voted on by the Corporation’s stockholders, except as otherwise required by law. Except as provided by law or this Certificate of Incorporation, holders of Common Stock shall vote together with the holders of Preferred Stock as a single class on all matters. There shall be no cumulative voting.

3. Dividends. Dividends may be declared and paid on the Common Stock from funds lawfully available therefor if, as and when determined by the Board of Directors in its sole discretion, subject to provisions of law, the provisions of this Certificate of Incorporation, and the relative rights and preferences of any shares of Preferred Stock authorized and issued hereunder.

4. Liquidation. In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, the holders of the Common Stock shall be entitled, subject to the rights and preferences, if any, of any holders of shares of Preferred Stock authorized and issued hereunder, to share, ratably in proportion to the number of shares of Common Stock held by them, in the remaining assets of the Corporation available for distribution to its stockholders.

 

Exh. A-1


This excerpt taken from the LBAI 8-K filed Oct 23, 2008.

LAKELAND BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

 

New Jersey   33-27312   22-2953275

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

250 Oak Ridge Road, Oak Ridge, New Jersey   07438
(Address of principal executive offices)   (Zip Code)
These excerpts taken from the LBAI 10-K filed Mar 14, 2008.

LAKELAND BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

            New Jersey                             22-2953275      
 

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

 

   250 Oak Ridge Road, Oak Ridge, New Jersey       07438   
   (Address of principal executive offices)          (Zip code)   

Registrant’s telephone number, including area code: (973)697-2000

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:

 

  

Title of Each Class

  

Common Stock, no par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.         Yes                  No    X  

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.        Yes                 No  X  

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.        Yes   X          No             

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.             

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

 

  

Large accelerated filer         

   Accelerated filer  X     
  

Non-accelerated filer         

   Smaller Reporting Company            

Indicate by a check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).         Yes                      No   X  


Table of Contents

As of June 30, 2007, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was approximately $255,000,000, based on the closing sale price as reported on the NASDAQ Global Select Market.

The number of shares outstanding of the registrant’s Common Stock, as of February 1, 2008, was 23,281,667.

DOCUMENTS INCORPORATED BY REFERENCE:

Lakeland Bancorp, Inc’s. Proxy Statement for its 2008 Annual Meeting of Shareholders (Part III).


Table of Contents
These excerpts taken from the LBAI 8-K filed May 18, 2007.

About Lakeland Bancorp, Inc.

Lakeland Bancorp, Inc. is the holding company for Lakeland Bank. Lakeland Bank has forty-eight (48) offices spanning six New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren.

Lakeland Bancorp, Inc.


Pricing Date    May 14, 2007
Closing Date/Accrual Date    May 16, 2007
Issuance Amount    $20 Million
Type of Security    5 year Fixed/Float
Spread/Coupon    3 Month LIBOR + 152 bps
Initial Coupon    6.61%
Payment Dates    The first day of each February, May, August and November
First Interest Payment Date    August 1, 2007
First Optional Call Date    August 1, 2012 at par
Maturity Date    August 1, 2037
Day Count    Fixed term is 30/360 & Floater is Actual/360
Placement Fee    None
Expense Reimbursement    $10,000
Trustee Fees    Purchaser responsible for Initial set-up fee and Annual Administration Fee for the trust per the Fee Agreement
This excerpt taken from the LBAI 10-K filed Mar 16, 2007.

LAKELAND BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

            New Jersey                             22-2953275      
 

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

 

   250 Oak Ridge Road, Oak Ridge, New Jersey       07438   
   (Address of principal executive offices)          (Zip code)   

Registrant’s telephone number, including area code: (973)697-2000

This excerpt taken from the LBAI 8-K filed Dec 8, 2006.

About Lakeland Bancorp, Inc.

Lakeland Bancorp, Inc. is the holding company for Lakeland Bank. Lakeland Bank has forty-eight (48) offices spanning six New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren.

 

-2-

This excerpt taken from the LBAI 8-K filed Nov 3, 2006.

About Lakeland Bancorp, Inc.

Lakeland Bancorp, Inc. is the holding company for Lakeland Bank. Lakeland Bank has forty-eight (48) offices spanning six New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren.

 

-4-

This excerpt taken from the LBAI 10-K filed Mar 16, 2006.

LAKELAND BANCORP, INC.

Form 10-K Index

 

     PAGE
   PART I   
Item 1.   

Business

   1
Item 1A.   

Risk Factors

   9
Item 1B.   

Unresolved Staff Comments

   11
Item 2.   

Properties

   11
Item 3.   

Legal Proceedings

   11
Item 4.   

Submission of Matters to a Vote of Security Holders

   12
Item 4A.   

Executive Officers of the Registrant

   12
   PART II   
Item 5.   

Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

   14
Item 6.   

Selected Financial Data

   16
Item 7.   

Management’s Discussion and Analysis of Financial Condition and Results of Operations

   17
Item 7A.   

Quantitative and Qualitative Disclosures About Market Risk

   36
Item 8.   

Financial Statements and Supplementary Data

   37
Item 9.   

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

   72
Item 9A.   

Controls and Procedures

   72
Item 9B.   

Other Information

   74
   PART III   
Item 10.   

Directors and Executive Officers of the Registrant

   74
Item 11.   

Executive Compensation

   74
Item 12.   

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

   74
Item 13.   

Certain Relationships and Related Transactions

   74
Item 14.   

Principal Accountant Fees and Services

   74
   PART IV   
Item 15.   

Exhibits and Financial Statement Schedules

   74
Signatures    76

 

-i-


Table of Contents
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