Lakeland Bank and Employees Committed to Philanthropy
More than $400,000 donated to charity groups
Oak Ridge, N.J. – Feb. 29, 2012 – Lakeland Bank strongly believes in corporate philanthropy, and the role it has in helping local communities prosper. In 2011, our company supported many non profit organizations, donating more than $380,000 to enhance the services and needs of numerous charitable groups.
Many of the colleagues share the company’s commitment to giving back to the community and their personal dedication to charitable causes is inspiring.
“We are especially proud of our colleagues’ generosity in helping us support many worthwhile causes as well as their personal commitment to their own favorite charities,” said Thomas Shara, president and CEO. “They provided more than 10,000 hours volunteering in their communities.”
Several years ago, the Bank introduced a Jeans Day program to encourage employees to make donations to non profit organizations. In exchange for a $10 monthly donation, employees can wear jeans on Fridays. Last year, our employees donated $28,700 to their favorite local and national charities through this program. Employees vote for their favorite charity and the top 10-12 charities chosen are featured for one month and receive the money donated by employees.
The following causes were selected in 2011: Meals on Wheels, American Heart Association, SCARC & The ARC of NJ, Autism Speaks, American Cancer Society, NJ Hospice, JDRF, St. Jude Children’s Research Hospital, Glaucoma Research for Children, and American Humane Association. In November, we sponsored a food drive to benefit various food pantries and collected gifts in December at our administration office for Toys for Tots while branch offices supported local charities through our Share-A-Gift program.
In late December, a call for help came from the Boys and Girls Club of Paterson and Passaic, which lost a major sponsor for their holiday gift program. Our colleagues responded by giving an extra 100 toys to support this special organization.
Lakeland Bank recognizes that it has an obligation to help expand financial literacy in our communities. Our branch managers conducted Teach Children to Save workshops last year for nearly 2,000 youngsters at 25 schools. For more than a decade, the Bank has participated in the American Banker’s Association program to help young people become financially responsible adults. The branch managers promoted the importance of good financial habits and gave lessons on basic money management skills. Students received a complimentary calculator from the Bank for attending the workshop.
Students from Trinity Christian School in Montville visited the Lakeland Bank office in their neighborhood for a workshop and behind-the-scenes tour. Similar lessons were presented in the classroom at: Jefferson Elementary, Caldwell; Rockaway Valley and John Hill School, Boonton; Frankford Elementary, Branchville; Sandyston Walpack School, Sandyston; Valley View and William Mason Elementary, Montville; Hilldale Elementary and Woodmont School, Pine Brook; Ogdensburg Elementary, Ogdensburg; Immaculate Conception and Franklin Elementary, Franklin; Reverend Brown School, Sparta; Wanaque Elementary, Wanaque; Haskell Elementary and St. Francis School, Haskell; Paradise Knoll School and White Rock Elementary, Oak Ridge; Merriam Ave. School, Newton; Stony Brook Elementary, Rockaway; Maple Road and West Brook schools, West Milford; Samuel R. Donald School, Bloomingdale and Saint Catherine of Bologna School in Ringwood.
Community events are not only vital to the charities they support, but they also bring people together…and that builds healthy, vibrant towns. Last year, the Bank was a sponsor of Boonton Main Street, the Bergen Bike Tour, the Montville Township 4th of July festival, and the Caldwell Street Fair. We also sponsored the Sparta Main Street 5k Festival, Ogdensburg First Aid 5k and the St. Patrick’s Day Parades in Morristown and Newton. In addition, we supported the Autumn Lights Festival in West Milford and the Tree Lighting Festival at Newton Memorial Hospital.
Investing in higher education has been a key objective at Lakeland Bank for many years. The Bank’s Annual Scholarship Golf Outing has grown considerably throughout its 39 year history, and has provided over $1 million in scholarships to help local students with the expense of a higher education. The amount donated to the scholarship fund last year exceeded expectations by $10,000 raising a record $85,000.
The success of this Golf Outing is the result of the hard work and dedication our colleagues put forth to obtain donations from our customers, vendors and business partners. We had 200 golfers, and nearly 300 individual and company sponsors. In 2012, more than 41 schools in the counties we serve will present scholarships to students who have demonstrated academic success and who need financial assistance to attend college.
Our tradition of investing in higher education continues throughout the year with the support we provide to community colleges and universities. For instance, last year the Bank continued its sponsorship of the Pavilion on the Green at Sussex County Community College to support campus events and cultural programs at the Performing Arts Center. And we made a donation to the Ramapo College Foundation which will help support their scholarship program. We believe access to an affordable, quality education within our state is a crucial element to building a workforce that is skilled, competitive and resourceful.
About Lakeland Bank
Lakeland Bancorp, the holding company for Lakeland Bank, has an asset base of approximately $2.8 billion and forty-seven (47) offices spanning six northwestern New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren. Lakeland Bank offers an extensive array of consumer and commercial products and services, including online banking, localized commercial lending teams and 24-hour or less turnaround time on consumer loan applications. For more information about their full line of products and services, visit their Web site at Lakelandbank.com.