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Deposit Marketshare

LAKELAND BANCORP, INC. (NASDAQ - LBAI)  

Deposit Market Share for Selected Markets


Pending Ownership, including Bank, Savings Bank, Thrift Branches
Ownership as of 1/26/2021, Branches and Deposits as of 6/30/2020

COUNTY: Sussex, NJ

2020 Rank

2019 Rank

Institution (Headquarters)

Type

2020
Number of Branches

2020 Total Deposits in Market ($M)

2020 Total Market Share (%)

2019 Total Deposits in Market ($M)

2019 Total Market Share (%)

1

1

Lakeland Bancorp (NJ)

Bank

11

1,260.9

30.64

1,115.4

31.73

2

2

Provident Financial Services (NJ)

Bank

7

939.7

22.83

792.4

22.54

3

3

JPMorgan Chase & Co. (NY)

Bank

6

660.5

16.05

512.5

14.58

4

4

PNC Financial Services Group (PA)

Bank

5

321.5

7.81

282.9

8.05

5

5

Wells Fargo & Co. (CA)

Bank

3

285.4

6.94

243.7

6.93

6

6

Valley National Bancorp (NJ)

Bank

3

239.4

5.82

222.6

6.33

7

8

First Hope Bancorp (NJ)

Bank

2

177.7

4.32

139.4

3.97

8

7

Banco Santander

Bank

2

155.7

3.78

143.8

4.09

9

9

Toronto-Dominion Bank

Bank

1

74.8

1.82

62.9

1.79

 

 

Total for institutions in market

 

40

4,115.6

 

3,515.6

 


COUNTY: Morris, NJ

2020 Rank

2019 Rank

Institution (Headquarters)

Type

2020
Number of Branches

2020 Total Deposits in Market ($M)

2020 Total Market Share (%)

2019 Total Deposits in Market ($M)

2019 Total Market Share (%)

1

1

Bank of America Corporation (NC)

Bank

20

4,589.4

16.60

3,974.8

15.81

2

2

JPMorgan Chase & Co. (NY)

Bank

22

3,583.1

12.96

3,135.8

12.48

3

4

Toronto-Dominion Bank

Bank

15

2,835.5

10.26

2,373.6

9.44

4

3

Wells Fargo & Co. (CA)

Bank

17

2,809.9

10.17

2,399.6

9.55

5

6

PNC Financial Services Group (PA)

Bank

15

1,980.0

7.16

1,665.2

6.62

6

7

Valley National Bancorp (NJ)

Bank

15

1,667.8

6.03

1,492.3

5.94

7

10

Peapack-Gladstone Financial (NJ)

Bank

6

1,256.6

4.55

1,027.7

4.09

8

8

Lakeland Bancorp (NJ)

Bank

13

1,186.8

4.29

1,055.7

4.20

9

5

HSBC Holdings

Bank

1

1,161.5

4.20

1,990.3

7.92

10

9

Provident Financial Services (NJ)

Bank

10

1,092.8

3.95

1,032.2

4.11

 

 

Total for institutions in market

 

196

27,640.8

 

25,135.8

 


COUNTY: Passaic, NJ

2020 Rank

2019 Rank

Institution (Headquarters)

Type

2020
Number of Branches

2020 Total Deposits in Market ($M)

2020 Total Market Share (%)

2019 Total Deposits in Market ($M)

2019 Total Market Share (%)

1

1

Valley National Bancorp (NJ)

Bank

18

7,164.3

37.20

6,164.0

38.44

2

2

Toronto-Dominion Bank

Bank

13

1,803.0

9.36

1,470.0

9.17

3

4

Lakeland Bancorp (NJ)

Bank

10

1,656.7

8.60

1,246.3

7.77

4

3

PNC Financial Services Group (PA)

Bank

16

1,468.9

7.63

1,264.3

7.88

5

5

Wells Fargo & Co. (CA)

Bank

14

1,423.7

7.39

1,212.5

7.56

6

6

JPMorgan Chase & Co. (NY)

Bank

9

1,308.2

6.79

1,033.8

6.45

7

7

Columbia Financial Inc. (MHC) (NJ)

Thrift

8

889.9

4.62

791.6

4.94

8

8

Bank of America Corporation (NC)

Bank

5

812.4

4.22

684.8

4.27

9

13

Capital One Financial Corp. (VA)

Bank

1

690.0

3.58

204.8

1.28

10

10

Citigroup Inc. (NY)

Bank

1

622.0

3.23

491.0

3.06

 

 

Total for institutions in market

 

112

19,258.6

 

16,034.4

 


STATE: New Jersey

2020 Rank

2019 Rank

Institution (Headquarters)

Type

2020
Number of Branches

2020 Total Deposits in Market ($M)

2020 Total Market Share (%)

2019 Total Deposits in Market ($M)

2019 Total Market Share (%)

1

1

Bank of America Corporation (NC)

Bank

228

68,569.0

17.02

56,039.3

16.39

2

2

Toronto-Dominion Bank

Bank

239

52,076.8

12.93

41,823.3

12.23

3

3

Wells Fargo & Co. (CA)

Bank

256

43,348.1

10.76

36,444.5

10.66

4

4

PNC Financial Services Group (PA)

Bank

253

38,668.2

9.60

29,975.9

8.77

5

5

JPMorgan Chase & Co. (NY)

Bank

207

30,235.6

7.51

23,807.1

6.96

6

6

Valley National Bancorp (NJ)

Bank

133

20,023.4

4.97

18,121.1

5.30

7

7

Investors Bancorp Inc (NJ)

Bank

115

17,297.4

4.29

16,226.4

4.75

8

8

Banco Santander

Bank

124

11,636.2

2.89

10,476.3

3.06

9

9

Provident Financial Services (NJ)

Bank

95

9,037.9

2.24

8,066.2

2.36

10

10

OceanFirst Financial Corp. (NJ)

Bank

64

8,173.9

2.03

7,192.2

2.10

14

14

Lakeland Bancorp (NJ)

Bank

52

5,998.4

1.49

5,028.9

1.47

 

 

Total for institutions in market

 

2,661

402,836.3

 

341,953.5