Merger Approved - CSB and Lakeland Bank

Shareholders of CSB Financial Corp. voted overwhelmingly to approve the merger between CSB and Lakeland Bancorp. Inc.

Contact: Stuart H. Lubow, President and CEO, CSB Financial Corp., 201-836-8300

Teaneck, NJ (PRWEB) August 7, 2003 - Shareholders of CSB Financial Corp. voted overwhelmingly to approve the merger between CSB and Lakeland Bancorp, Inc. (Nasdaq: LBAI). With over 72% of CSB common stock represented, CSB shareholders approved the merger by a vote of over 99%. The CSB Board of Directors had unanimously recommended approval of the merger. Lakeland and CSB expect to complete the acquisition in the third quarter 2003.

Community State Bank, CSBs bank subsidiary, is a state-chartered commercial bank headquartered at 417 Cedar Lane, Teaneck, N.J, has full-service offices in Teaneck, Hackensack, Park Ridge and Englewood, N.J. The bank is a member of the FDIC and is an Equal Opportunity Lender.