FDIC Approves Merger of Harmony Bank Into Lakeland Bank
OREANDA-NEWS. Lakeland Bancorp, Inc. (NASDAQ:LBAI) (the “Company”), the parent company of Lakeland Bank, and Harmony Bank (OTCPK:HRMB) announced today that the Company has received approval from the Federal Deposit Insurance Corporation of the proposed merger of Harmony Bank with and into Lakeland Bank. The New Jersey Department of Banking and Insurance approved the merger in April 2016. The proposed merger is subject to the approval of Harmony Bank’s shareholders at a special meeting of shareholders to be held on June 22, 2016, and to certain other conditions, as described in the final proxy statement and prospectus dated May 13, 2016, which has been filed with the Securities and Exchange Commission and is being mailed to Harmony Bank’s shareholders.