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Lakeland Bancorp completes at-the-market common stock offering

Lakeland Bancorp Inc. completed its previously announced at-the-market offering of 2,739,650 common shares.

The shares were sold at a weighted average price of $18.25 per share, generating net proceeds of around $48.5 million.

Keefe Bruyette & Woods Inc. acted as the company's distribution agent for the offering.

The Oak Ridge, N.J.-based company is the parent of Lakeland Bank.