Lakeland Bank


Overview / Commentary
973-697-2040
2717 Route 23 South
Newfoundland, NJ 07435

Lakeland Bank is headquartered in Newfoundland and is the 6th largest bank in the state of New Jersey. It is also the 181st largest bank in the nation. It was established in 1969 and as of December of 2019, it had grown to 692 employees at 54 locations. Lakeland Bank's money market rates are 2X the national average, and it boasts an A+ health rating.

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Reviews (1)

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #19953
Year Established1969
Employees692
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD9.81%
Annual Interest Income$256.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$6.71B$5.80B
LoansQ4 2019vs Q4 2018$5.10B$4.42B
DepositsQ4 2019vs Q4 2018$5.32B$4.65B
Equity CapitalQ4 2019vs Q4 2018$800.8MM$694.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$40.0MM$37.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$24.6MM$12.3MM
Real Estate OwnedQ4 2019vs Q4 2018$563.00K$830.00K
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
0.98%*$25k*-Money Maximizer Account
OTHER TIERS: 0.33% $10k - $25k
0.98%*$25k*-Business Money Maximizer Account
OTHER TIERS: 0.33% $10k - $25k
0.25%*$500k*-Platinum Tiered Money Market Account
OTHER TIERS: 0.05% $1 - $15k | 0.10% $15k - $25k | 0.15% $25k - $100k | 0.20% $100k - $500k
0.10%*$100k*-Business Tiered Money Market
OTHER TIERS: 0.03% $1 - $100k

Lakeland Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1-Platinum Checking
0.03%$1-Personal Checking with Interest
0.03%$1-Business Checking With Interest

Lakeland Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-9 Month CD Special
0.55%$500-6 Month CD Special

Lakeland Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-9 Month IRA Special
0.55%$500-6 Month IRA Special
Locations

Availability



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