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Lakeland Bank


Overview / Commentary
www.lakelandbank.com
973-697-2040
2717 Route 23 South
Newfoundland, NJ 07435

Lakeland Bank is headquartered in Newfoundland and is the 4th largest bank in the state of New Jersey. It is also the 157th largest bank in the nation. It was established in 1969 and as of June of 2022, it had grown to 899 employees at 90 locations. Lakeland Bank's money market rates are 3X the national average, and it boasts an A+ health rating.

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Reviews (2)

Banking With A Personal Touch

Posted by: |

I deal with at least 3 to 4 banks daily, and just like Lakeland because of the feeling of what banking use to be like a live voice to speak to and a great personal touch.

5

Horrible Horrible

Posted by: |

Every single time i need to speak to a representative it is at least a 20 minute wait, and they lock my card for every little thing at least once a week. Even when they call me to confirm there is no fraud, my card stays locked and I have to call them back and wait 20 minutes to get through to them to get it unlocked. When they finally answer they tell me to wait another 10 minutes to use my card, and 20 minutes my card is still locked this is incredible. Been banking with them for about 5 years and it keeps getting worse.

2


Health
A+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19953
Year Established1969
Employees899
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD8.39%
Annual Interest Income$162.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$10.37B$7.85B
LoansQ2 2022vs Q2 2021$7.34B$5.93B
DepositsQ2 2022vs Q2 2021$8.54B$6.75B
Equity CapitalQ2 2022vs Q2 2021$1.23B$863.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$68.8MM$60.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$22.2MM$22.6MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Lakeland Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Lakeland Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%†$1-Statement Savings Account
0.05%†$1-Young Savers
0.05%†$1-Business Statement Savings

Lakeland Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*†$500k*-Platinum Tiered Money Market Account
OTHER TIERS: 0.20% → $1 - $15k | 0.40% → $15k - $25k | 0.75% → $25k - $100k | 1.00% → $100k - $250k | 1.25% → $250k - $500k
1.25%*†$100k*-Business Tiered Money Market
OTHER TIERS: 0.60% → $1 - $100k

Lakeland Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%†$1-Platinum Checking
0.05%†$1-Personal Checking with Interest
0.05%†$1-Business Checking With Interest

Lakeland Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%†$500-9 Month CD
4.50%†$500-13 Month CD
4.10%†$500-18 Month Platinum CD
4.00%†$500-18 Month CD
3.50%†$500-23 Month CD

Lakeland Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%†$500-9 Month IRA
4.50%†$500-13 Month IRA
3.50%†$500-23 Month IRA
Locations

Availability



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