Lakeland Bancorp, Inc. and Lakeland Bank announced several management team transitions, in line with the company's long-term succession planning process. Stewart E. McClure, Jr. is retiring as of December 31, 2016. Mr. McClure had served as Senior Executive Vice President of the company and Regional President of the Bank since 2013, after the company's acquisition of Somerset Hills Bancorp and Somerset Hills Bank, where Mr. McClure had served as President and CEO.

As of January 1, 2017, Robert A. Vandenbergh will continue to serve as Senior Executive Vice President of the company and Regional President of the Bank, and will transition his role of Chief Operating Officer of the company to Ronald E. Schwarz, Senior Executive Vice President and Chief Revenue Officer of the company and the Bank. Joseph F. Hurley, Executive Vice President and Chief Financial Officer of the company and the Bank, is expected to retire in July 2017, and Thomas F. Splaine, Jr., First Senior Vice President and Chief Accounting Officer of the company and the Bank, is expected to assume the position of Chief Financial Officer upon completion and filing of the company's 2016 Annual Report on Form 10-K in March 2017.