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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 7th largest bank in the state of New Jersey. It is also the 183rd largest bank in the nation. It was established in 1969 and as of December of 2021, it had grown to 736 employees at 49 locations. Lakeland Bank has 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 Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19953
Year Established1969
Employees736
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD11.3%
Annual Interest Income$257.3MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$8.20B$7.66B
LoansQ4 2021vs Q4 2020$5.92B$5.95B
DepositsQ4 2021vs Q4 2020$7.01B$6.48B
Equity CapitalQ4 2021vs Q4 2020$953.3MM$842.5MM
Loan Loss AllowanceQ4 2021vs Q4 2020$58.0MM$71.1MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$17.0MM$42.8MM
Real Estate OwnedQ4 2021vs Q4 2020$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
0.19%*†$500k*-Platinum Tiered Money Market Account
OTHER TIERS: 0.03% → $1 - $15k | 0.09% → $15k - $100k | 0.12% → $100k - $250k | 0.14% → $250k - $500k
0.10%*†$100k*-Business Tiered Money Market
OTHER TIERS: 0.03% → $1 - $100k

Lakeland Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%†$1-Platinum Checking
0.02%†$1-Personal Checking with Interest
0.02%†$1-Business Checking With Interest

Lakeland Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%†$500-36 Month Platinum CD
0.40%†$500-48 Month Platinum CD
0.35%†$500-36 Month CD
0.30%†$500-18 Month Platinum CD
0.30%†$500-48 Month CD
0.20%†$500-12 Month Platinum CD
0.20%†$500-18 Month CD
0.10%†$500-12 Month CD

Lakeland Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%†$500-36 Month Platinum IRA CD
0.40%†$500-48 Month Platinum IRA CD
0.35%†$500-36 Month IRA CD
0.30%†$500-18 Month Platinum IRA CD
0.30%†$500-48 Month IRA CD
0.20%†$500-12 Month Platinum IRA CD
0.20%†$500-18 Month IRA CD
0.10%†$500-12 Month IRA CD
Locations

Availability



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