Jackson Township Residents Vote in First Annual JTOWN Magazine "People's Choice Awards"

by Phil Stilton

JACKSON-Over 1,200 readers voted in November in the inaugural JTOWN Magazine “People’s Choice Awards”.

Over 40 individuals, businesses and charities were nominated by the public in our online Facebook page, Jackson,NJ (Over 5,400 members). Of those 40, four were chosen by our readers.
After Maureen Olsen lost her son Chase Ryan to cancer, she become devoted to supporting childhood cancer charities and awareness around Jackson. She started the Chase Ryan Olsen Foundation in memory of her son.

She was the driving force behind Jackson’s “Paint the Town Gold” initiative that has raised awareness of childhood cancer in the township exponentially. Sports teams across Jackson wear gold ribbons, shoe laces, socks to raise money for cancer based charities and to keep the memory of those children the township has lost alive.
Mayor Michael Reina has served as Jackson’s mayor for 8 years and has been one of the town’s most liked mayors in recent history. Reina has been open in his support of everything that is Jackson from veterans to childhood illness awareness to youth sports programs. Reina is a fixture at many community events and has been a hands on mayor when it comes to being part of the community since before he took office.

Reina and his wife Laura take the efforts of charities such as the Chase Ryan Olsen Foundation personally as their own granddaughter Angelina has been battling childhood cancer for several years.

Farley’s Ice Cream was chosen as business of the year. Owner John Burnetsky is a long time community supporter, president of the Jackson Liberty Band Association and a member of the Jackson School Board.

The James Volpe Foundation is another foundation that had its start after a tragedy. After Jackson Memorial student James Volpe died in a car crash, his father Anthony, mother Christine and brother Justin, along with family and friends began raising money in James’ name to support James’ most passionate interest, youth sports and baseball. The foundation raises money to help sports teams and has donated a driving simulator to promote safe driving among students learning to drive in the school. The foundation helps fund sports equipment for volunteer and school teams and assists under privileged athletes pay for sports fees when needed.

The poll was conducted by JTOWN Magazine and the Shore News Network. The poll application software was managed by Code Rubik, Inc. a third party application developer based out of Montreal, Quebec, Canada.

Local Authorities Mum on Sheriff Officer Who Struck Teen Girl With Car

LAKEWOOD-Little is still known about a crash that involved an Ocean County Sheriff’s Department officer enroute to a routine call in Lakewood Wednesday afternoon after the driver struck a 17 year old girl walking on the northbound shoulder on New Hampshire Avenue.

Toms River and Lakewood Police arrived on scene, but neither department has issued a media release on the incident, which is typical in a non-officer involved crash within the first 24 hours after the incident.

Ocean County Sheriff Michael Mastronardy deferred media questions to the Ocean County Prosecutor’s Office.    Calls made to the Ocean County Prosecutor’s Office and Freeholder / Director of Public Safety Jack Kelly have either yet to be returned or calls have been missed and return calls have not been returned.

According to the New Jersey State Police, Juan Mercado, 44, of Jackson struck the Lakewood girl at approximately 1:25 pm as she was walking on the shoulder.

According to The Lakewood Scoop, the girl was rushed to Jersey Shore Medical Center’s Pediatric Intensive Care Unit where she was in critical condition.

 

 

Racial and Religious Tensions Escalate to Violence Around New Jersey Jewish Orthodox Enclave

LAKEWOOD-Over the past year, racial and religious tensions between Lakewood’s predominantly Orthodox Jewish population and residents in surrounding towns have escalated, culminating in violence for the first time this week.

As Lakewood Township runs out of open space to build sufficient housing for its exploding Orthodox population, community leaders last year encouraged Orthodox Jewish families in Lakewood and Brooklyn to consider moving beyond the borders of Lakewood.   Rabbi Schmuel Lefkowitz advised at a conference of Agudath Israel of America that land investors and families looking to join the population boom in Lakewood, to invest in properties and buy homes in the surrounding towns of Jackson, Brick, Howell and Toms River.

Over the next few months, gold fever struck realtors and land prospectors, now referred to as “Schtick [little] Pioneers” by Lefkowitz.   Realtors from from agencies that cater to the Orthodox population went fast and furious, relentlessly knocking on doors, buying foreclosures and open land in those neighboring towns.    Many residents in those towns complained about realtors knocking on their doors for days on end, asking them to sell them home.    Jackson Township Councilman Rob Nixon said those real estate buyers were engaging in “panic peddling“.

Eventually the towns of Toms River, Jackson and Brick established no-knock registries as a quality of life control measure to regulate the volume of real estate door knocking.  Toms River went as far as a complete ban on real estate soliciting in some neighborhoods bordering Lakewood.  Most residents supported the measure.  Realtors would now have to list the neighborhoods they wanted to canvass.

Facebook pages popped up just as quickly as for sale signs in neighboring towns.  Jackson Strong, Toms River Strong and others, where angry residents could communicate their frustrations with each other and talk about their now changing communities as homes in their neighborhoods were being purchased at a high rate by Orthodox families, many seeking to escape their urban lifestyles in Lakewood and New York City, others, hiding behind LLC’s, purchasing homes and land as rental investment properties.

For decades, the five communities, co-existed peacefully.  Since the middle of the twentieth century, Lakewood has been home to the Beth Medrash Govoha yeshiva and has since grown into one of the largest Orthodox Jewish population centers outside of Israel.   Most still coexist peacefully.

In the 2000 census, Lakewood, a mixed community with a large Hispanic and African American population, was home to 60,000 people.

Fifteen years later, that population has nearly doubled to 100,000 making it the most populous town in Ocean County. The increase was mostly in the Orthodox Jewish demographic, causing a near overload and failure in the Lakewood public school system, which is now overseen by a state monitor in an attempt prevent a complete collapse.

Tensions between Lakewood’s Orthodox and non-Orthodox neighbors continue to escalate.

In 2016, residents in Toms River and Jackson complained after Lakewood Shomrim (An Orthodox founded community security force), called the Lakewood Civilian Safety Watch (LCSW) was accused of patrolling neighborhoods in those towns.    In Jackson, Mayor Michael Reina and the township ordered police Chief Matthew Kunz to advise the LCSW to not patrol their town.  Toms River followed suit, ordering an immediate cease and desist.

The orders resulted in then Lakewood Police Chief Robert Lawson to testify that LCSW does not patrol outside of Lakewood, despite several of photographs submitted by residents showing LCSW operating in Jackson and Toms River.  Lawson criticized the elected officials for their meddling saying they are politicians just worried about their political careers.   Lawson was not showing his cards though.  A month later, he retired from the Lakewood Police Department and was immediately hired to be the head of security at the BMG Yeshiva.

Chief Kunz in Jackson, according to an Asbury Park Press report defied local leaders and endorsed LCSW on the department’s Facebook page, prompting a disapproval response from Reina.

Coupled with aggressive real estate tactics and aggressive home buying by Orthodox families and what many perceive as an encroachment into their communities, the Jackson Township municipal council requested the State of New Jersey to investigate possible blockbusting in Jackson.  That request was denied by the state.

On social media residents in both communities have verbally battled, humiliated and mocked each other.

Toms River Mayor Thomas Kelaher called the growth of Orthodox Jewish families in his town, an invasion.  Lakewood Mayor Manashe Miller, a member of the Orthodox community demanded an apology by his Republican peer.  That was back in March.  Kelaher has yet to issue a formal apology.  Instead the 83 year old mayor and former U.S. Marine Corps  Reserve officer denied that his comment was anti-Semitic and said he maintains a good relationship with his Jewish residents.

Neither side is innocent in the back and forth.

Toms River Police earlier this year took issue with false reports claimed in Lakewood newspapers which misrepresented facts found by investigating officers in a possible bias crime incident.
On Purim, many Lakewood children dressed in redneck garb, wearing Jackson Strong shirts.      Many Orthodox on Lakewood websites and social media pages openly criticize residents of Jackson, referring to the community as ‘ignorant’ and ‘rednecks’.

Lakewood residents have openly called for Department of Justice investigations into what is described as “pure anti-Semitism” at Jackson Township council meetings.

An outreach meeting between mayors of Jackson, Howell, Lakewood and Manchester yielded no relief or plan to resolve the differences and problems that face those communities.

This past winter, a Jewish male made headlines when he paid a homeless man to pour a cup of hot coffee on his head.

Parks in Toms River and Howell have been defaced with anti-Semitic graffiti.

Police in all of the towns surrounding Lakewood aggressively investigated those crimes, some leading to charges.

This week, however, things began turning violent.

A woman in Howell has been accused of assaulting a young male in front of the local Wal-Mart.

In Lakewood, a black man from Jackson, Elijah Chandler was driving his vehicle in Lakewood when he was struck by an Orthodox man who he said ran a red light.   The Lakewood Orthodox population, like many others in New Jersey is notorious for bad driving etiquette and disregard for other drivers.    Leaders in the Orthodox community have said on several occasions this pattern of driving is attributed to the large number of former city dwellers who are not yet familiar with Ocean County’s open roads and high speed limits.

A second photo of chandler was published to social media.
A photo of chandler laying on the ground after police arrived was posted to social media.

After the crash, Chandler exited his car, and according to witnesses, pulled the man from his car and engaged in a verbal argument with him and several other Orthodox men who had descended upon the crash site.

Chandler yelled bias slurs at the men, “Go back to your own country, you kike.”    One man off camera shouted, “Get out of here, coon!” to Chandler. A video of the incident can be found on Facebook.

He was subsequently arrested and charged with multiple offenses including bias crime, assault and harassment.

Lakewood Police did not say whether charges were filed against the offending driver or the man who rebutted Chandler’s hate speech with his own verbal racial assault.

As the tensions rise, few, if any religious or political leaders from Lakewood and surrounding towns have offered solutions on how to curb the rising tensions, which this week have escalated to violent acts and will most likely continue as the situation on the ground heats up here in “Four Towns”.

 

Jackson Man Hit by Reckless Lakewood Driver Arrested by Police

LAKEWOOD-A situation in Lakewood escalated quickly between a black man and Orthodox Jewish men after a car accident here on Wednesday.

Police in Lakewood have arrested 34 year old Elijah’s Chandler of Jackson after he reacted aggressively and violently to the driver of a vehicle in Lakewood he claims ran a red light and crashed into his vehicle.

Chandler claimed the driver ran the red light, police have not released any information pertaining to the actual accident, but did file charges against him.

“The [expletive] ran the light,” Chandler shouted. “He tried to beat the light, like all y’all [expletive].”

After the accident, he began yelling at a driver he claims sped through the intersection after the traffic light had turned red.   During the heated confrontation, some of which was captured on video, police arrived and arrested Chandler, charging him with bias intimidation, terroristic threats, simple assault, criminal mischief and two counts of harassment. Chandler was surrounded by a group of individuals described as Orthodox Jewish men during the clash.

In the video, Chandler could be seen yelling and pointing at the man, shouting anti-semitic remarks, but no physical assault was captured on video.  Chandler then kicked the vehicle which was operated by the driver who committed the initial offense.  Witnesses claimed Chandler opened the offending driver’s car door and removed him from the vehicle.

Lakewood police refused to release the comments made by Elijah to the media, but the video released shortly afterwards on social media captured the event.

You can watch the full video on the Ocean County Police Blotter facebook page.

Main Photo:  Chandler lays on the road after being instructed by police, prior to his arrest.

Chandler

Man Arrested for Child Neglect After Nearly OD'ing While Giving Child Bath

 

JACKSON-On Saturday September 17, 2016 at approximately 8:30 pm, Jackson Police Officers Michael Kelly and Shane Davis, along with Jackson First Aid responded to a residence located on Bennetts Mills Road on the report of an unresponsive male who had been located in the bathroom of the residence.

 

While enroute to the location, officers were updated that the male was now responsive. The officers arrived on scene and observed the 35 year old male who had been reported as the unresponsive victim. Officer Kelly, who is one of the agency’s certified Drug Recognition Experts (DRE), made observations that it appeared that the male was exhibiting the common signs and symptoms of being under the influence of a narcotic and was having difficulty in speaking with the officer. Further investigation revealed that the male had been in the bathroom giving a small child a bath and when other family members arrived home from being out, the small child ran from the bathroom saying that the male was sleeping. The male was then found in the bathroom, reportedly barely breathing and failing to respond to attempts to wake him.

 

The investigation was continued and resulted in the male being arrested and charged with child abuse/neglect. He was processed at Police Headquarters and was released on summons pending a court appearance, further investigation is ongoing at this time. The child was placed with family members for safety and the DCPP was also contacted to investigate.

 

 

          The media and the public are reminded that any persons arrested or charged with any offenses or crimes are presumed innocent until proven guilty in court.

Police Seeking Woman Who Verbally, Physically Assaulted Jewish Boy at WalMart

Howell pWalmart-bias-suspolice today are seeking to identify a woman who allegedly harassed a group young boys at the Walmart store on Route 9 here earlier this month.

Tensions are  beginning to flare as some residents in Howell, Jackson, Toms River in Brick react to a growing trend of Orthodox Jewish families moving into those towns surrounding Lakewood.

On September 5th, at around 10pm, a boy was standing in front of Walmart with his friends and was harassed by a woman.

“According to the victim, the female suspect enters the Walmart with another male and as she’s entering the store she turns towards and confronts him aggressively without provocation,” Chief Andrew Kudrick said.   “The male that was with the female unsuccessfully attempted to restrain her.”

The woman then asked the boy if he was from Lakewood.

“Go back to Lakewood you [expletive] Hasidic Jews”, she yelled at them and pushed one of the boys as she entered the store.

Kudrick said police were called, but the woman left the store minutes later and was gone prior to police arrival.

The female is described as a white female in her mid-twenties to early thirties operating what appears to be a newer model white 4-door Kia Optima. Photographs of the female suspect and her vehicle are attached.

Anyone with information regarding the suspect is asked to contact Detective Corporal Nancy Carroll #182 at ncarroll@howellpolice.org or (732)938-4575 Ext. 2894.

Walmart-bias-susp-veh

 

Rahami Charged with Use of Weapons of Mass Destruction in Seaside, NYC Bombings

Attorney General of the United States Loretta E. Lynch, Assistant Attorney General for National Security John P. Carlin, U.S. Attorney Paul J. Fishman for the District of New Jersey, U.S. Attorney Preet Bharara for the Southern District of New York, Federal Bureau of Investigation (“FBI”) Director James B. Comey, Assistant Director-in-Charge William Sweeney of the FBI New York Field Office, Special Agent in Charge Timothy Gallagher of the FBI Newark Field Office and Commissioner of the Police Department for the City of New York (“NYPD”) James O’Neill announced that Ahmad Khan Rahami, a/k/a “Ahmad Rahimi,” has been charged in the United States District Court for the Southern District of New York and the United States District Court for the District of New Jersey, for conducting and attempting to conduct bombings in New York City and various locations in New Jersey on September 17, 2016, and September 18, 2016.
Rahami, 28, of Elizabeth, New Jersey, is charged in a Complaint filed in the Southern District of New York with one count of using and attempting to use weapons of mass destruction, in violation of 18 U.S.C. § 2332a, which carries a maximum sentence of life imprisonment; one count of bombing and attempting to bomb a place of public use, in violation of 18 U.S.C. § 2332f, which carries a maximum sentence of life imprisonment; one count of destroying and attempting to destroy property by means of fire or explosive, in violation of 18 U.S.C. § 844(d), which carries a maximum sentence of 20 years in prison; and use of a destructive device in furtherance of a crime of violence, namely, the use and attempted use of weapons of mass destruction, in violation of 18 U.S.C. § 924(c), which carries a mandatory minimum consecutive sentence of 30 years in prison, all in connection with Rahami’s alleged detonation of an explosive device and efforts to detonate explosives in New York City.
Rahami is also charged in a Complaint filed in the District of New Jersey with two counts of using and attempting to use weapons of mass destruction, in violation of 18 U.S.C. § 2332a, which carries a maximum sentence of life imprisonment on each count; one count of bombing and attempting to bomb a place of public use and public transportation system, in violation of 18 U.S.C. § 2332f, which carries a maximum sentence of life imprisonment; one count of attempting to destroy property by means of fire or explosive, in violation of 18 U.S.C. § 844(i), which carries a maximum sentence of 20 years in prison; and two counts of using a destructive device in furtherance of a crime of violence, namely, the use and attempted use of weapons of mass destruction, in violation of 18 U.S.C. § 924(c), each count of which carries a mandatory minimum consecutive sentence of 30 years in prison and, if convicted of both counts, a
mandatory sentence of life imprisonment, all in connection with Rahami’s alleged efforts to detonate explosives in Seaside Park, New Jersey, and Elizabeth, New Jersey.
Rahami will first be transported by the United States Marshals Service, pursuant to a writ of habeas corpus ad prosequendum, to the United States District Court for the Southern District of New York to face the charges filed in the Southern District of New York. More than 30 people were injured as a result of the detonation of a bomb in the Chelsea area of New York City.
Mr. Bharara and Mr. Fishman praised the outstanding efforts of the FBI’s New York Joint Terrorism Task Force, which principally consists of agents from the FBI and detectives from the NYPD, and the FBI’s New Jersey Joint Terrorism Task Force. Mr. Bharara and Mr. Fishman also thanked the Counterterrorism Section of the Department of Justice’s National Security Division for its assistance.
The prosecution in the Southern District of New York is being handled by that Office’s Terrorism and International Narcotics Unit. Assistant U.S. Attorneys Nicholas J. Lewin, Emil J. Bove III, Andrew J. DeFilippis, and Shawn G. Crowley are in charge of the prosecution, with assistance from Trial Attorney Brian Morgan of the National Security Division’s Counterterrorism Section.
The prosecution in the District of New Jersey is being handled by that Office’s National Security Unit. Assistant U.S. Attorneys Dennis C. Carletta, Francisco J. Navarro, Margaret Ann Mahoney, and James M. Donnelly are in charge of the prosecution, with assistance from Trial Attorney Brian Morgan of the National Security Division’s Counterterrorism Section.
The charges contained in the Complaints are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

Father of bomb suspect, Ahmad Khan Rahami: I called FBI twice

ELIZABETH — The father of Ahmad Khan Rahami, the man suspected in planting bombs in New York and New Jersey, told reporters outside his fried chicken restaurant this morning that he called the FBI twice about his son. Mohammad Rahami at first came to a side gate outside the First American Fried Chicken restaurant around 10…

Man Charged After Leaving Children in Car While Inquiring About Gym Membership

On September, 19, Berkeley Township Police Det. Joseph Santoro and Ocean County Prosecutor’s Office, Special Victim’s Unit Det. Stephanie Bayha arrested and charged Yordy R. Santanacastillo, 28, of Forked River, NJ, with 2 counts of Fourth Degree Child Abuse.

The investigation initiated on September 9th, 2016, by the partnering Detectives, with assistance from Ocean County Sheriff’s Department CSI, found the defendant was allegedly observed at approximately 4:40 pm by witnesses leaving his two children (ages 1 and 3) unattended in his car for approximately 19 minutes.  The car was parked in the Retro Fitness parking lot on Route 9 in Berkeley with the ignition to the vehicle off while SantaCastillo inquired about a gym membership.  The outdoor air temperature at the time exceeded 90 degrees.  A temperature as high as 97 degrees was recorded on the day of the incident.

The case was reviewed by Senior Assistant Prosecutor Christine Lento who approved the above charges.  The defendant is released on a summons pending his appearance in Superior Court.

The media and public are reminded that criminal charges are merely accusations and that these defendants are presumed innocent until and unless proven guilty.

 

Seaside Bomber Charged with Attempted Murder of 5 Cops

New York and New Jersey bombing suspect Ahmad Rahami will be charged with five counts of attempted murder, Reuters reported Monday. He will be charged with two gun related offences, a law enforcement official told the news agency. Rahami was apprehended in Linden, New Jersey, after a firefight earlier on Monday. Rahami is an immigrant from…

Rahami Officially Linked to Seaside Park Terrorist Bombing

TRENTON-Ahmad Kahn Rahami is now being connected officially by authorities as suspect in all 3 New York and New Jersey bomb incidents. Authorities today said all of the devices used similar components and those individuals arrested in Brooklyn were also tied to Elizabeth and Rahami, saying they could be part of a New Jersey based sleeper terrorist cell.

Multiple agencies are continuing the investigations today.

New Jersey State Police said, “The FBI is asking for assistance in locating Ahmad Khan Rahami, who is wanted for questioning in connection with an explosion that occurred on September 17, 2016, at approximately 10:14 a.m. in the vicinity of Ocean Ave., Seaside Park, NJ and on September 17, 2016, at approximately 8:30 p.m. in the vicinity of 135 West 23rd Street , New York, NY.”

That No-Knock Ordinance is Our Only Hope…No, There was Another

Records obtained from Jackson Township show that Jackson’s new no-knock ordinance removed several components of the original 1995 ordinance that regulated peddling and door-to-door solicitation in the township that are now being requested by township residents.

In particular, the requirement of township issued identification and criminal background checks have been removed from the new ordinance, after being the law for the pasts 30 years.

Back in 1995, to combat the persistent door-to-door peddling the township council then enacted an ordinance to license and regulate peddlers, vendors and solicitors in residential neighborhoods.

That ordinance required solicitors to go through a vigorous registration process that required them to pay a $100 fee to the township and submit a more detailed application.

Applicants had to provide in writing each individual solicitor’s name and address, a physical description of the applicant, the applicant’s places of residents for the past 5 year period, a complete description of the services offered, complete description of the vehicles to be used including the make, model, color and license plate, the same as the amended ordinance passed in 2015.

Additionally the applicant had to certify that they had never been denied a peddler’s license and that if they did, their license had never been revoked.

Unlike the new ordinance,  a criminal background check was also part of the process.

All solicitors were required to provide the township proof of a New Jersey license and an insurance policy that included damages to property and persons, including death.  That policy should cover $100,000 per person and $300,000 per incident.

A township issued ID card was to be worn by all solicitors, visible to residents while they scoured the neighborhoods.

Under the old ordinance, the peddler’s license could be revoked by the township in the event of fraud, public nuisance or if the township felt the vendor’s activities were a risk to public health and safety.

Soliciting was permitted only between the hours of 7am and 9pm.    Violations under the old ordinance were capped at a $500 fine and up to 90 days in prison.

Fast forward 30 years to 2015.

A new ordinance enacted by the township council was passed to address the new concerns of aggressive real estate buyers and rumors of religious blockbusting and bullying tactics by those realtors.

In that new ordinance, there were no requirements for criminal background checks and the township no longer required solicitors to wear the township issued ID badge.

Similarly, both ordinances require the names and addresses of the solicitors, their past 5 years of residence, past denials, insurance and business license.

The new ordinance forces the applicant to narrow down their target area by street and further limits the hours to 10-6pm Monday through Saturday and 12-2pm on Sunday.

The 1995 ordinance specifically declared that it superceded any previous similar ordinance, but the 2015 ordinance does not specify, but township administrator Helene Schlegel said the new ordinance supersedes the 1995 ordinance.

While the amended ordinance added language to address blockbusting, a no-knock registry and attempted to curb unethical real-estate practices, it did effectively dropped the requirement for criminal background checks and the requirement of township issued identification cards to be worn by those approved to solicit in the town’s neighborhoods.

At the last township council meeting, Councilman Rob Nixon requested the township attorney to look into adding language for criminal background checks.

The next township council meeting is scheduled for tonight, discussion of the no-knock ordinance, nor amendments to the ordinance have been proposed.

 

 

Poll: 86.9% of Residents Approve of Toms River's Cease and Desist Order Against Realtors

In an online poll by the Shore News Network with 770 readers, 86.9%  of our readers said they approve of the performance of Toms River Mayor Tom Kelaher and the township council’s cease and desist order against residential soliciting by real estate agents in the North Dover section of town.

11.3% of those polled said the council’s decision did not change their views of the mayor and council in any way, but just 1.9% disagreed with the action and expressed disapproval in the poll.

Toms River residents have been pressuring the township council since late 2015 to take action against what they feel are overly aggressive real estate tactics, mostly in the North Dover section.

Last Tuesday, the council voted unanimously to ban real estate soliciting in portions of North Dover, bordering Lakewood Township.

A few days later, Toms River police reported they had charged a man for trespassing in an abandoned and foreclosed home.  The man entered the house illegally, but claimed he was a potential buyer and was acting upon the guidance of a realtor in Lakewood.

Toms River police, unable to corroborate the man’s story, issued  Israel Feldbrand, of Lakewood a summons for trespassing.

Mayor Thomas F. Kelaher stated, “The arrest of Mr. Feldbrand is further proof of the type of conduct taking place in Toms River by unscrupulous individuals and realtors. This type of behavior will not be tolerated and is added justification for the cease and desist ordinance unanimously approved by the Township Council.”

“This is the kind of behavior our residents have repeatedly complained about which is the reason the cease and desist ordinance was enacted,” council president Brian Kubiel said. “Residents should remain vigilant about the safety and security of their residences and report any suspicious activity to the Police.”

Photo by Lakewood Scoop.

Jackson Based Harmony Bank Sold to Lakeland Bancorp for $32 Million

JACKSON-The Boards of Directors of Lakeland Bancorp, Inc. announced that they have entered into a definitive Agreement and Plan of Merger pursuant to which Harmony Bank will be merged with and into Lakeland Bank, with Lakeland Bank as the surviving bank.

The Merger Agreement provides that shareholders of Harmony Bank will receive 1.25 shares of Lakeland Bancorp common stock for each share of Harmony Bank common stock that they own at the effective time of the merger. Lakeland Bancorp expects to issue an aggregate of approximately 3.0 million shares of its common stock in the merger and will cash out Harmony Bank options that remain outstanding at the effective time of the merger. The transaction is valued at approximately $32.0 million, or $12.79 per share, based on the closing price per share of Lakeland Bancorp’s common stock of $10.23 on February 17, 2016. The transaction is expected to be approximately 1% accretive to Lakeland Bancorp’s Earnings Per Share in 2017 and approximately 0.5% dilutive to Tangible Book Value with an estimated Earnback in approximately 3.5 years.

Thomas J. Shara, President and Chief Executive Officer of Lakeland Bancorp and Lakeland Bank, remarked: “We are delighted to be combining with Harmony Bank and expanding Lakeland’s presence into Ocean County. This merger is consistent with our recent initiatives to expand into desirable markets and leverages our highly successful Loan Production Office initiated in 2015 covering neighboring Middlesex and Monmouth counties. We look forward to working with Harmony Bank in delivering a broad array of business and consumer products into a dynamic marketplace.”

Michael Schutzer, President and Chief Executive Officer of Harmony Bank, stated: “We are very excited to be partnering with such a strong, well-managed organization as Lakeland. This merger will bring together two financially strong banks with similar cultures as well as a proven history of building relationships through superior customer service. We are excited to bring our hometown bank relationship focus together with the sophistication and experience of a larger one. Lakeland’s extensive consumer banking products will enable us to now offer better consumer service and products, including home mortgages, in our marketplace. Harmony Bank provides a great presence in one of the most attractive banking markets in the State of New Jersey.”

Lakeland Bank operates 53 New Jersey branch offices in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union and Warren counties; five New Jersey regional commercial lending centers in Bernardsville, Montville, Newton, Teaneck and Wyckoff/Waldwick; and, two commercial loan production offices serving Middlesex and Monmouth counties in New Jersey and the Hudson Valley region of New York. Lakeland Bank offers an extensive suite of financial products and services for businesses and consumers.

As of December 31, 2015, Lakeland Bancorp had consolidated total assets, total loans, total deposits and total stockholders’ equity of $3.87 billion, $2.97 billion, $3.00 billion and $400.5 million, respectively. Following -2- the closing of Lakeland Bancorp’s acquisition of Pascack Bancorp, Inc. and its subsidiary, Pascack Community Bank, on January 7, 2016, Lakeland Bancorp’s total assets approximated $4.3 billion. Harmony Bank, a state-chartered commercial bank that focuses on serving consumers and small-to-medium-size businesses, is headquartered in Jackson, New Jersey, with additional branch offices in Lakewood and Toms River, New Jersey. As of December 31, 2015, Harmony Bank had total assets, total loans, total deposits and total stockholders’ equity of $295 million, $241 million, $257 million and $28 million, respectively. The Boards of Directors of Lakeland Bancorp, Lakeland Bank and Harmony Bank have approved the merger.

Closing is subject to receipt of approvals from regulators, approval of the merger by Harmony Bank’s shareholders and other customary conditions. No approval is required from Lakeland Bancorp’s shareholders. The closing is expected to occur in the late second quarter or early third quarter of 2016. Harmony Bank’s directors and executive officers, owning in the aggregate approximately 25.9% of Harmony Bank’s outstanding shares on the date the Merger Agreement was executed, have signed voting agreements pursuant to which they have agreed to vote their shares in favor of the merger. Sandler O’Neill & Partners, L.P is acting as financial advisor to Lakeland Bancorp. Raymond James is acting as financial advisor to Harmony Bank. Lowenstein Sandler LLP is acting as Lakeland Bancorp’s legal advisor. Day Pitney LLP is acting as Harmony Bank’s legal advisor