EXHIBIT 99.1

Lakeland Bancorp Reports First Quarter 2016 Earnings and Increases Cash Dividend

Oak Ridge, N.J. – April 26, 2016 – Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) reported the following results for the quarter ended March 31, 2016:

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Thomas J. Shara, Lakeland Bancorp’s President and CEO, said, “Following a successful acquisition, we are extremely pleased to welcome the former Pascack shareholders and employees to Lakeland Bank. We are equally pleased to report that work has commenced on the upcoming merger with Harmony Bank and, given our performance during the first quarter, we were able to raise our second quarter 2016 cash dividend by 12% to $0.095 per share.”

Pascack Acquisition

On January 7, 2016, the Company completed its acquisition of Pascack. This acquisition added $410.0 million in total assets, $319.6 million in total loans and $304.5 million in total deposits. Anticipated synergies and overlapping markets allowed the Company to close three branches during the quarter. Goodwill amounted to $15.5 million and core deposit intangibles were $1.5 million. The Company’s financial statements reflect the impact of the merger from the date of acquisition, which should be considered when comparing periods.

Earnings

Net income for the first quarter of 2016 was $8.1 million, as compared to $8.3 million for the first quarter of 2015. Excluding the pre-tax impact of $1.7 million in merger related expenses, net income for the first quarter of 2016 was $9.3 million.

Net Interest Income

Net interest income for the first quarter of 2016 was $33.9 million, as compared to $28.5 million for the same period in 2015, an increase of 19%. In the first quarter of 2016, NIM was 3.48%, as compared to 3.56% in the first quarter of 2015. This decrease primarily occurred because savings and interest bearing deposits acquired from Pascack generally carried higher interest rates. In addition, since the first quarter of 2015, the Company has seen an increasingly competitive market for deposits. The annualized yield on interest-earning assets remained constant at 3.86% from the first quarter of 2015 to the first quarter of 2016. The annualized cost of interest-bearing liabilities increased from 0.40% in the first quarter of 2015 to 0.49% in the first quarter of 2016, reflecting the higher cost of deposit accounts.

Noninterest Income

Noninterest income totaled $4.9 million for the first quarter of 2016, as compared to $4.7 million for the same period in 2015. In 2016, gains on the sale of loans exceeded the same period in 2015 by $155 thousand. The Company earned $370 thousand from the sale of investment securities in the first quarter of 2016, compared to no gains in the first quarter of 2015. Income from bank owned life insurance declined $291 thousand because of beneficiary payments received in 2015 that did not recur in 2016. Commissions and fees declined $328 thousand from 2015 to 2016, due primarily to a decrease in financial services fees.

Noninterest Expense

Noninterest expense for the first quarter of 2016 was $25.4 million, compared to $20.0 million for the same period in 2015. Excluding $1.7 million in merger related expenses, noninterest expense increased by $3.7 million. Salary and benefit expense increased by $2.3 million, due

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primarily to a full quarter of expenses associated with the loan production offices that opened in 2015, the addition of Pascack employees during the quarter and an increase in employee benefit costs. Data processing increased $185 thousand, primarily due to increases in the cost of mobile banking and the addition of the Pascack branches. The efficiency ratio for the first quarter of 2016 was 60.38%.

Financial Condition

At March 31, 2016, total assets were $4.40 billion, an increase of $534.7 million, or 14%, from December 31, 2015, including $410.0 million from Pascack. Total loans were $3.37 billion, an increase of $401.0 million, or 14%, in 2016, including $319.6 million from Pascack. Total deposits were $3.46 billion as of March 31, 2016, an increase of $467.1 million, or 16%, from December 31, 2015, including $304.5 million from Pascack. Noninterest bearing demand deposits at $774.5 million increased by $80.7 million, or 12%, in 2016, $64.4 million of which was from the Pascack acquisition.

Asset Quality

At March 31, 2016, non-performing assets totaled $25.8 million (0.58% of total assets) compared to $23.7 million (0.61% of total assets) at December 31, 2015. The Allowance for Loan and Lease Losses totaled $30.6 million at March 31, 2016 and represented 0.91% of total loans, and 122% of non-accruing loans. In the first quarter of 2016, the Company had net charge-offs totaling $1.4 million, compared to $1.0 million in the first quarter of 2015. The provision for loan and lease losses in the first quarter of 2016 was $1.1 million, compared to $0.9 million for the same period in 2015.

Capital

At March 31, 2016, stockholders’ equity was $446.9 million and book value per common share was $10.84. Tangible book value per common share was $7.72 at March 31, 2016. As of March 31, 2016, the Company’s leverage ratio was 8.33%. Tier 1 and total risk based capital ratios were 9.99% and 10.94%, respectively. The common equity tier 1 capital ratio was 9.12% and the tangible common equity ratio was 7.45%. The regulatory capital ratios exceed those necessary to be considered a well-capitalized institution under Federal guidelines.

Regulatory and Shareholder Approvals

Regulatory applications have been filed with the Federal Deposit Insurance Corporation (the “FDIC”) and the New Jersey Department of Banking and Insurance (the “NJ Department”) for the merger of Harmony Bank with and into Lakeland Bank. The NJ Department approved the merger on April 21, 2016, and FDIC approval is pending. The merger is also subject to the approval of Harmony Bank’s shareholders and other customary closing conditions.

Additional Information and Where to Find It

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the proposed merger, Lakeland Bancorp has filed with the Securities and Exchange Commission a registration statement on Form S-4 that includes a preliminary proxy statement of Harmony Bank and a preliminary prospectus of Lakeland

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Bancorp. The registration statement has not yet become effective. This material is not a substitute for the final proxy statement and prospectus or any other document Lakeland Bancorp may file with the SEC. After the registration statement has been declared effective by the SEC, the definitive proxy statement and prospectus will be delivered to the shareholders of Harmony Bank. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE TRANSACTIONS THAT HAVE BEEN OR WILL BE FILED BY LAKELAND BANCORP CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the registration statement and the definitive proxy statement and prospectus (when available) and other documents filed by Lakeland Bancorp with the SEC at the SEC’s website at www.sec.gov. These documents may be accessed and downloaded for free at Lakeland Bancorp’s website at www.lakelandbank.com or by directing a request to Investor Relations, Lakeland Bancorp, Inc., 250 Oak Ridge Road, Oak Ridge, NJ 07438 (973-697-2000). Requests for the definitive proxy statement and prospectus (when available) may also be made to Investor Relations, Harmony Bank, 732-719-3710.

Participants in the Solicitation

This communication is not a solicitation of a proxy from any security holder of Lakeland Bancorp or Harmony Bank. However, Lakeland Bancorp, Harmony Bank and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Harmony Bank’s shareholders in respect of the proposed merger of Harmony Bank into Lakeland Bank. Information regarding the directors and executive officers of Lakeland Bancorp may be found in its definitive proxy statement relating to its 2016 Annual Meeting of Shareholders, which was filed with the SEC on April 12, 2016, and can be obtained free of charge from Lakeland Bancorp’s website. Information regarding the directors and executive officers of Harmony Bank may be found in its definitive proxy statement relating to its 2015 Annual Meeting of Shareholders, and can be obtained free of charge from Harmony Bank by calling 732-719-3710. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interest, by security holdings or otherwise, will be contained in the definitive proxy statement and prospectus and other relevant materials to be filed with the SEC when they become available.

Forward-Looking Statements

The information disclosed in this document includes various forward-looking statements (with respect to corporate objectives, trends, and other financial and business matters) that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anticipates”, “projects”, “intends”, “estimates”, “expects”, “believes”, “plans”, “may”, “will”, “should”, “could”, and other similar expressions are intended to identify such forward-looking statements. Lakeland cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. The following factors, among others, could cause actual results to differ materially and adversely from such forward-looking

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statements: changes in the financial services industry and the U.S. and global capital markets, changes in economic conditions nationally, regionally and in the Company’s markets, the nature and timing of actions of the Federal Reserve Board and other regulators, the nature and timing of legislation affecting the financial services industry, government intervention in the U.S. financial system, changes in levels of market interest rates, pricing pressures on loan and deposit products, credit risks of the Company’s lending and leasing activities, customers’ acceptance of the Company’s products and services, competition, failure to successfully integrate Pascack Community Bank into Lakeland Bank, failure to obtain Harmony Bank shareholder or regulatory approval for the merger of Harmony Bank into Lakeland Bank, and failure to realize anticipated efficiencies and synergies if the Harmony Bank merger is consummated. Any statements made by Lakeland that are not historical facts should be considered to be forward-looking statements. Lakeland is not obligated to update and does not undertake to update any of its forward-looking statements made herein.

Explanation of Non-GAAP Financial Measures

Reported amounts are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management believes that the supplemental non-GAAP information, which consists of measurements and ratios based on tangible equity and tangible assets, is utilized by regulators and market analysts to evaluate a company’s financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies.

The Company also uses an efficiency ratio that is a non-GAAP financial measure. The ratio that the Company uses excludes amortization of core deposit intangibles, expenses on other real estate owned and other repossessed assets, provision for unfunded lending commitments and, where applicable, long-term debt prepayment fees and merger related expenses. Income for the non-GAAP ratio is increased by the favorable effect of tax-exempt income and excludes securities gains and losses and gain on debt extinguishment, which can vary from period to period. The Company uses this ratio because it believes the ratio provides a better comparison of period to period operating performance.

About Lakeland Bank

Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ: LBAI), which has $4.4 billion in total assets. The 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. Visit LakelandBank.com for more information.

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Lakeland Bancorp, Inc.

Consolidated Statements of Operations

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Lakeland Bancorp, Inc.

Consolidated Balance Sheets

Lakeland Bancorp, Inc.

Financial Highlights

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Lakeland Bancorp, Inc.

Financial Highlights

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Financial Highlights

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Lakeland Bancorp, Inc.

Supplemental Information - Non-GAAP Financial Measures

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