What are Lakeland Bancorp Inc's Business Segments?
The Bank’s CRE portfolio is segmented and spread among various property
types including retail, office, multi-family, mixed use, industrial, hospitality,
healthcare, special use and residential and commercial construction. Management
regularly reviews and evaluates its CRE portfolio, including concentrations within
the various property types based on current market conditions and risk appetite
as well as by utilizing stress testing on material exposures and believes its
underwriting practices are sound.
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