May 31, 2016

New Jersey based Lakeland Bank partners with Raymond James for investment services

ST. PETERSBURG, Fla. – Raymond James Financial Institutions Division Managing Director John W. Houston announced that the advisors at Lakeland Financial Services will offer investment and wealth management services to its clients through Raymond James Financial Services, Inc., member FINRA/SIPC.

Lakeland Financial Services includes executive vice president and program manager Jeff Buonforte, CFP®, four other financial advisors: Margaret Laquidara, Michael Gunza, Joseph Dolan and Jeff Beebe, as well as five support staff. The advisor members of the team each have more than 20 years of investment and banking industry experience and collectively manage approximately $350 million in consumer and business client assets. Lakeland Financial Services (LFS), the investment and financial planning division of Lakeland Bank, previously partnered with Essex Securities and Pershing.

“As a local community bank, it is essential to have a competitive advantage to meet the financial needs of our customers,” said Thomas J. Shara, president and CEO of Lakeland Bank. “We are excited about the expanded opportunities our partnership with Raymond James provides as it is one of the premier investment firms in America, and this partnership enables us to deliver investment, trust and financial solutions that rival the largest firms on Wall Street.”

“We are pleased to welcome the professionals at Lakeland Financial Services to our Financial Institutions Division,” said Houston. “Their decision to partner with us is further proof that Raymond James’ resources and support continue to attract great bank advisors and investment programs. We look forward to helping the professionals at LFS expand their investment services, while supporting the client-first culture and values established by Lakeland Bank.”

CFP® - Certified Financial Planner Board of Standards, Inc., owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements.

About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,600 independent financial advisors nationwide. Since 1974, Raymond James Financial Services, Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 6,700 financial advisors serving in excess of 2.8 million client accounts in more than 2,700 locations throughout the United States, Canada and overseas. Total client assets are approximately $522 billion.

About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.

About Lakeland Bank
Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ:LBAI), which has $4.4 billion in total assets. The Bank operates 53 New Jersey branch offices in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union and Warren counties; five New Jersey regional commercial lending centers in Bernardsville, Montville, Newton, Teaneck and Wyckoff/Waldwick; and two commercial loan production offices serving Middlesex and Monmouth counties in New Jersey and the Hudson Valley region of New York. Lakeland Bank offers an extensive suite of financial products and services for businesses and consumers. Visit LakelandBank.com for more information.