Lakeland Seeks Conversion to Savings Bank

SUCCASUNNA, N.J. - Lakeland Savings Bank said it would seek to convert its charter from that of a savings and loan association to a New Jersey savings bank.

The parent of the $332 million-asset thrift, Lakeland First Financial Group, would acquire the status of a bank holding company.

Lakeland said it filed the necessary applications with state and federal thrift regulators and expected approvals by the first quarter of 1992.

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