Lakeland Bancorp Inc. (Nasdaq:LBAI) reported Net Income Available to Common Shareholders in the third quarter of 2011 of $4.8 million or $0.19 per diluted share compared to $3.3 million, or $0.13 per diluted share for the same period last year. Net Income Available to Common Shareholders for the first nine months of 2011 was $12.9 million or $0.50 per diluted share, as compared to $10.8 million, or $0.43 per diluted share for the same period last year. The Company declared a quarterly cash dividend of $0.06 per common share, payable on November 15, 2011 to holders of record as of the close of business on October 31, 2011. The Company also declared a dividend of 5% for the quarterly dividend payment due November 15, 2011 for the preferred stock issued to the U.S. Department of the Treasury under the Capital Purchase Program ("CPP").

Lakeland Bancorp, Inc. operates as the bank holding company of Lakeland Bank, which provides various commercial and consumer banking products and services to small and medium-sized businesses, professionals, and individuals primarily in northern New Jersey.

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