FEDERAL RESERVE BANK of NEW YORK

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- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
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Community Development
& Education

WEDNESDAY, MARCH 17, 1999

NEW YORK -- The Federal Reserve Bank of New York Wednesday approved the application by Lakeland Bancorp, Inc., Oak Ridge, N.J., to acquire 100 percent of the outstanding voting shares of High Point Financial Corporation, and indirectly its bank subsidiary, The National Bank of Sussex County, both of Branchville, N.J.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.

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