Parsippany, NJ, February 18, 2016 – Day Pitney is advising Harmony Bank (OTCPK:HRMB), a New Jersey-based, state-chartered commercial bank that focuses on serving consumers and small-to-medium-size businesses, in a $32 million acquisition by Lakeland Bancorp., Inc. (Nasdaq: LBAI) which, operates 53 New Jersey branch offices in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union and Warren counties.
Lakeland Bancorp expects to issue an aggregate of approximately 3 million shares of its common stock in the merger and will cash out Harmony Bank options that remain outstanding at the effective time of the merger. The closing is expected to occur in the late second quarter or early third quarter of 2016.
Corporate partners Ronald Janis, Michael Rave, senior counsel Richard Leu and associate Kendall Wilson are leading the Day Pitney team in the transaction with the assistance of partners David Doyle, Stephen Ziobrowski and counsel Andrew Wogman.
Scott Clark, Chair of Day Pitney’s Multistate Tax Practice, is presenting on a virtual panel at the Anchin Executive Forum titled, “The Changing Shape of Business in New York” on June 9.
On February 11, the Hispanic Bar Association of New Jersey and Prudential will present the 11th Annual Corporate Counsel Conference.
On January 20, Jim Rotondo spoke at the PLAC webinar, "The Future of CBD Law: 2021 and Beyond."
Day Pitney Alert
Day Pitney Alert
1st Constitution Bancorp and Lakeland Bancorp, Inc. entered into a definitive agreement and plan of merger under which Lakeland will acquire 1st Constitution in a transaction valued at about $244 million, the banks announced July 12.
Scott Brian Clark’s arrival to the firm was featured in Reuters’ column, Career Tracker: Lawyers on the Move.
The news of Scott Brian Clark joining Day Pitney as chair of the firm's Multistate Tax Practice was featured in Thomson Reuters' The Daily Docket Industry Moves.
Day Pitney Press Release
Scott Brian Clark's arrival to the firm was profiled in a Law360 feature article, "Day Pitney Snags Partner To Chair Multistate Tax Practice."