GLEN ROCK - Financial Services Inc., a provider of data- processing, item-processing and Internet services to financial institutions, said Tuesday that it has signed a long-term contract to process checking and other account statements for Scott Valley Bank in Yreka, Calif., which claims to be the oldest independent bank in that state. Scott Valley Bank, founded in 1858, has $392 million in assets and 11 branches. Terms of the contract were not disclosed. FSI has an item processing and disaster recovery services center in Mount Laurel and clients in eight states.

-- Richard Newman

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Newark medical office building sold

NEWARK -- Marcus & Millichap Real Estate Investment Services announced the sale of a 24,000-square-foot medical office building in Newark, Michael Fasano, who manages the firm's New Jersey office, said in a statement. The building sold for $3.4 million. Marcus & Millichap represented the buyer and the seller, which were not disclosed in a statement.

-- Andrew Tangel

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Lakeland preps for relief program

OAK RIDGE -- Lakeland Bancorp shareholders approved an amendment to the bank's certificate of incorporation to allow for the issuance of preferred shares, paving the way for participation in the federal government's Troubled Asset Relief Program, or TARP. The company said Tuesday in a news release that shareholders approved the change last week in a special meeting. The bank received preliminary approval from the government in December to receive up to $59 million from the Treasury, in exchange for preferred shares.

-- Richard Newman

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BD shareholders OK director plan

FRANKLIN LAKES - BD shareholders approved a management proposal to allow each director to be elected annually, the company said Tuesday. The company, also known as Becton Dickinson and Co., said the shareholders backed the plan at the 2008 shareholders meeting. Shareholders also reelected four directors to one-year terms and approved an increase in the number of shares available under BD's equity compensation plan.

-- Hugh R. Morley

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