Lakeland Bancorp: Bank appoints Pascall – February 11, 2022







Oak Ridge, New Jersey – February 11, 2022 – Thomas J. Shara, President and CEO of Lakeland Bank, is pleased to announce the following appointment.

Calvin Pascal has been hired as Vice President, Director of Relationships for the Bernardsville, NJ-based Healthcare and Nonprofit Lending Team Pascall will be responsible for expanding relationships with our medical, dental and veterinary coverage growing as well as with other healthcare providers in New Jersey, New York, Pennsylvania, Connecticut, Maryland, Delaware and the surrounding area. With 14 years of commercial lending experience, he was most recently Vice President, Head of the Underwriting Team at Spencer Savings Bank in Elmwood Park, NJ Pascall graduated with a Bachelor of Science in Accounting at the Rutgers University.

About Lakeland Bank

Lakeland Bank is the wholly owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ: LBAI), which holds more than $10 billion in total assets. With an extensive network of branches and commercial lending centers throughout New Jersey and Highland Mills, NY, the Bank offers business and personal banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, healthcare loans, asset-based loans, equipment financing, small business loans and lines of credit, and services cash management. Consumer services include online and mobile banking, home equity loans and spreads, mortgage options and wealth management solutions. Lakeland is proud to be recognized as the Best Bank in the State of New Jersey by Forbes and Statista, named Best Bank to Work For by American Banker and Best Companies Group, rated a 5-Star Bank by Bauer Financial, and named one of New Jersey’s 50 Fastest Growing Companies by NJBIZ. Visit LakelandBank.com for more information.

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Lakeland Bancorp Inc. published this content on February 11, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Feb 11, 2022 5:27:08 PM UTC.

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Sales 2021 258M

Net income 2021 91.9 million

Net debt 2021

PER 2021 ratio 10.2x
2021 performance 2.86%
Capitalization 1,197 million
1,197 million
capi. / Sales 2021 4.65x
capi. / Sales 2022 3.55x
# of employees 689
Floating 98.7%

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Medium consensus TO BUY
Number of analysts seven
Last closing price

$18.50

Average target price

$23.21

Average Spread / Target 25.5%


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