Oak Ridge, N.J. – August 15, 2016 – Thomas J. Shara, president and CEO of Lakeland Bancorp, has announced that Lakeland Bancorp has been recognized by Forbes as one of "America’s 50 Most Trustworthy Financial Companies" in the Small Cap category ($250 million to $1 billion).
Forbes recently released the list which Lakeland Bancorp (LBAI) was also named to in 2014.
To develop the list, MSCI ESG Research reviewed the accounting and governance behaviors of nearly 700 publicly-traded North American financial companies with market caps of $250 million or greater, for the year ending December 2015.
Each company was assessed by factors including high-risk events, revenue and expense recognition methods, SEC actions, and bankruptcy risk as indicators of a company’s credibility.
“To be recognized again by Forbes as one the most trustworthy banks in America is truly gratifying and casts a spotlight on the way the Bank conducts business. I am proud to work with a Board of Directors and colleagues who hold themselves and our company to the utmost standards of respect, responsibility and integrity,” said Shara.