Pascack Bancorp Shareholders Approve Merger With Lakeland Bancorp
By
Tom Frew
PUBLISHED:
14 Dec 2015 @ 23:21
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Parties Announce Anticipated Closing Date
The Boards of Directors of Lakeland Bancorp, Inc. (NASDAQ:LBAI), the parent company of Lakeland Bank, and Pascack Bancorp, Inc. (OTCQX:PSBR), the parent company of Pascack Community Bank, announced today that the shareholders of Pascack Bancorp have approved the merger of Pascack Bancorp with and into Lakeland Bancorp.
Approval of the Merger by Lakeland Bancorp’s shareholders was not required.
The parties also announced that they intend to close the Merger and the merger of their respective bank subsidiaries on or about January 7, 2016. All bank regulatory approvals have been obtained.
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