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Lakeland Bancorp redeems $25.77 million of 7.535% securities due 2034
By Tali David
Minneapolis, Oct. 9 - Lakeland Bancorp, Inc. redeemed $25,774,000 of its 7.535% junior subordinated debt securities due Jan. 7, 2034 issued to Lakeland Bancorp Capital Trust III, according to an 8-K filed with the Securities and Exchange Commission.
As previously announced, the company used the net proceeds of its two recent public offerings to redeem the securities.
Lakeland is a bank holding company based in Oak Ridge, N.J.
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