Press Release
Approval of the Notice by Lakeland Bancorp, Inc
January 2, 1998

NEW YORK—The Federal Reserve Bank of New York Friday approved the notice by Lakeland Bancorp, Inc., Oak Ridge, N.J., to acquire Metropolitan State Bank, Montville, N.J.

According to standard procedure, the proposal cannot be completed for 15 days. The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.