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Lakeland Bancorp appoints new president and CEO

Lakeland Bancorp has appointed Thomas Shara as its new president and CEO. Mr Shara will also become the president and CEO of Lakeland Bank.

Mr Shara will replace Roger Bosma, who is retiring after nine years as president and CEO of the holding company and the bank. Mr Bosma will remain involved as a board member.

Prior to joining Lakeland Bancorp, Mr Shara served as president and chief lending officer of TD Banknorth’s mid-Atlantic division, which includes New Jersey, New York and Pennsylvania. He was responsible for all aspects of commercial lending including a loan portfolio with outstandings in excess of $3.5 billion. His responsibilities also included oversight of a network of 160 branches in New York, New Jersey and Pennsylvania.

Mr Shara currently serves on the board of trustees of the Boys and Girls Club of Paterson, New Jersey, and on the board of directors of the Commerce and Industry Association of New Jersey. He also serves on the board of governors of the Ramapo College Foundation.

John Fredericks, chairman of Lakeland Bancorp, said: Tom brings over 25 years of banking experience in Lakeland’s marketplace. He has a strong background in commercial and community banking and has had oversight responsibilities of a significant branch network.