Somerset Hills Bancorp is a bank holding company for Somerset Hills Bank (the Bank), a commercial bank. The Bank operates a licensed mortgage company subsidiary, Sullivan Financial Services, Inc. (Sullivan). The Bank’s deposits are insured by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation up to applicable limits. The Bank operates in two business segments: retail banking and mortgage banking. The Bank conducts a traditional commercial banking business and offers services including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. In May 2013, Lakeland Bancorp Inc announced its acquisition by merger of Somerset Hills Bancorp the parent company of Somerset Hills Bank. Pursuant to which Somerset Hills Bank merged with and into Lakeland Bank.