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Deal for Lakeland Bank has an issue lurking beneath the surface

The same day Provident Financial Services announced it had agreed to buy Lakeland for $1.3 billion, the seller disclosed an ongoing fair-lending investigation by the Justice Department. Provident said it has "not heard anything" that would give it pause.

United statesNew jerseyOak ridgeWilliam michael cunninghamAnthony labozzettaKen thomasThomas sharaCommunity reinvestmentJersey provident financial servicesCommunity development fund advisors in miamiJustice departmentUs justice departmentLakeland bancorpProvident financial services in iselinExchange commissionUs department of justice

Lakeland Bank, DOJ reach $13M settlement over redlining allegations

The U.S. Justice Department announced an agreement with Lakeland Bank to resolve allegations that the bank engaged in lending discrimination.

United statesNew jerseyPhilip sellingerThomas sharaLakeland bankCommunity reinvestment act assessment areaLakeland bank septJustice departmentUs justice departmentCombating redliningGeneral merrickOak ridge based lakelandNew jersey philip

Provident, Lakeland banks clinch $1 3B merger agreement

Provident and Lakeland banks said they signed a deal under which the companies will combine in a merger valued at about $1.3 billion.

New jerseyUnited statesTom sharaAnthony labozzettaThomas sharaTony labozzettaThomas lyonsChristopher martinPiper sandler cosChris martinProvident bankLakeland bankYork stock exchangeLakeland bancorp incProvident financial services incStifel company

Deal for Lakeland Bank has an issue lurking beneath the surface

The same day Provident Financial Services announced it had agreed to buy Lakeland for $1.3 billion, the seller disclosed an ongoing fair-lending investigation by the Justice Department. Provident said it has "not heard anything" that would give it pause.

United statesNew jerseyOak ridgeWilliam michael cunninghamAnthony labozzettaKen thomasThomas sharaCommunity reinvestmentJersey provident financial servicesCommunity development fund advisors in miamiJustice departmentUs justice departmentLakeland bancorpProvident financial services in iselinExchange commissionUs department of justice

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United statesNew jerseyMonmouth countyBergen countyChuy garcBob manganoThomas splaineElizabeth warrenJohn babcockThomas sharaCommunity reinvestmentLakeland bankCommittee on financial servicesPeapack gladstone bankFederal reserveConstitution bank

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