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Lakeland Bancorp seeks to raise $50M in common stock offering

Oak Ridge, N.J.-based Lakeland Bancorp Inc. is selling $50 million of its common stock in an at-the-market offering.

Net proceeds are earmarked for general corporate purposes and to support future growth. The shares will be offered through Keefe Bruyette & Woods Inc. as sales agent.

Lakeland Bancorp is the parent of Lakeland Bank.