Lakeland in N.J. to Sell $50M in Stock Over Time

Lakeland Bancorp in Oak Ridge, N.J., has filed the paperwork to sell up to $50 million shares of common stock.

The $4.9 billion-asset company said in a press release Friday that it could sell shares from time to time as part of the at-the-market offering program.

Lakeland said it could use net proceeds general corporate purposes and to support future growth.

The shares will be offered through Keefe, Bruyette & Woods.

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