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1st Constitution Bancorp
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1st Constitution Bancorp Public FCCYRussell 2000 Index component 1989 2022 01 Acquired by Lakeland Bancorp, Inc. Cranbury, New Jersey Banking Charles S. Crow, III (chairman)Robert F. Mangano (CEO & president)John Andreacio (CCO & EVP)Stephen J. Gilhooly (CFO & SVP) $1.079 billion (2017) $0.111 billion (2017) 183 (2017) https://www.1stconstitution.com/ https://www.sec.gov/ix?doc=/Archives/edgar/data/1141807/000114180718000005/fccy-20171231x10k.htm 1st Constitution Bancorp 2017 Form 10-K Annual Report U.S. Securities and Exchange Commission
1st Constitution Bancorp was a bank holding company based in Cranbury, New Jersey that operated 1st Constitution Bank until its acquisition by Lakeland Bancorp, Inc.
History
1st Constitution Bank was founded in 1989.https://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=1412619&parDT_END=99991231 Institution History for 1ST CONSTITUTION BANK (1412619) Federal Financial Institutions Examination Council
In 1999, 1st Constitution Bancorp was established as a bank holding company.
In October 2010, the company repaid the $12 million that it received from the Troubled Asset Relief Program.https://www.yahoo.com/news/1ST-Constitution-Bancorp-iw-1129634278.html 1ST Constitution Bancorp Repays $12 Million TARP Funds Yahoo! October 27, 2010
In 2013, the company acquired Rumson-Fair Haven Bank and Trust for $24.3 million.https://www.globenewswire.com/news-release/2013/08/15/937529/0/en/1ST-Constitution-Bancorp-to-Acquire-Rumson-Fair-Haven-Bank-and-Trust-Company.html 1st Constitution Bancorp to Acquire Rumson-Fair Haven Bank and Trust GlobeNewswire August 15, 2013
In June 2016, the company expanded the size of its board of directors from 5 to 8 members.https://globenewswire.com/news-release/2016/06/21/850390/0/en/1ST-Constitution-Bancorp-Announces-Changes-to-Board-of-Directors.html 1ST Constitution Bancorp Announces Changes to Board of Directors GlobeNewswire June 21, 2016
In 2017, the company acquired New Jersey Community Bank for $7.6 million.https://globenewswire.com/news-release/2017/11/06/1175368/0/en/1ST-Constitution-Bancorp-to-Acquire-New-Jersey-Community-Bank.html 1ST Constitution Bancorp to Acquire New Jersey Community Bank GlobeNewswire November 6, 2017
In June 2019, the company announced its intent to acquire Shore Community Bank in a deal valued at $53.1 million.https://www.globenewswire.com/news-release/2019/06/24/1873019/0/en/1ST-Constitution-Bancorp-to-Acquire-Shore-Community-Bank.html 1ST Constitution Bancorp to Acquire Shore Community Bank 1st Constitution Bancorp (NJ) 2019-06-24 GlobeNewswire News Room 2019-11-22 The deal was approved and closed in November 2019.https://markets.businessinsider.com/news/stocks/1st-constitution-bancorp-announces-closing-of-the-merger-of-shore-community-bank-with-and-into-1st-constitution-bank-1028674764 1ST Constitution Bancorp Announces Closing of the Merger of Shore Community Bank With and Into 1ST Constitution Bank finanzen net markets.businessinsider.com 2019-11-22
In January 2022, Lakeland Bancorp acquired 1st Constitution Bancorp in an all-stock deal.https://ca.news.yahoo.com/lakeland-bancorp-inc-completes-merger-220500732.html Lakeland Bancorp, Inc. Completes Merger with 1st Constitution Bancorp January 6, 2022 GlobeNewswire
References
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External links
1st Constitution Bancorp FCCY FCCY FCCY:US FCCY FCCY
Category:Banks based in New Jersey
Category:Banks established in 1989
Category:Companies formerly listed on the Nasdaq
Category:Cranbury, New Jersey
Category:2022 mergers and acquisitions