1st Constitution Bancorp
TypePublic company
Nasdaq: FCCY
Russell 2000 Index component
IndustryBanking
Founded1989 (1989)
FateAcquired by Lakeland Bancorp, Inc.
HeadquartersCranbury, New Jersey
Key people
 Charles S. Crow, III, Chairman
Robert F. Mangano, CEO & President
John Andreacio, CCO & EVP
Stephen J. Gilhooly, CFO & SVP
Total assetsIncrease $1.079 billion (2017)
Total equityIncrease $0.111 billion (2017)
Number of employees
183 (2017)
Websitewww.1stconstitution.com
Footnotes / references
[1]

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.[1][2]

In 1999, 1st Constitution Bancorp was established as a bank holding company.[1]

In October 2010, the company repaid the $12 million that it received from the Troubled Asset Relief Program.[3]

In 2013, the company acquired Rumson-Fair Haven Bank and Trust for $24.3 million.[4]

In June 2016, the company expanded the size of its board of directors from 5 to 8 members.[5]

In 2017, the company acquired New Jersey Community Bank for $7.6 million.[6]

In June 2019, the company announced its intent to acquire Shore Community Bank in a deal valued at $53.1 million.[7] The deal was approved and closed in November 2019.[8]

In January 2022, Lakeland Bancorp acquired 1st Constitution Bancorp in an all-stock deal.[9]

References

  1. 1 2 3 "1st Constitution Bancorp 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ "Institution History for 1ST CONSTITUTION BANK (1412619)". Federal Financial Institutions Examination Council.
  3. ↑ "1ST Constitution Bancorp Repays $12 Million TARP Funds" (Press release). Yahoo!. October 27, 2010.
  4. ↑ "1st Constitution Bancorp to Acquire Rumson-Fair Haven Bank and Trust" (Press release). GlobeNewswire. August 15, 2013.
  5. ↑ "1ST Constitution Bancorp Announces Changes to Board of Directors" (Press release). GlobeNewswire. June 21, 2016.
  6. ↑ "1ST Constitution Bancorp to Acquire New Jersey Community Bank" (Press release). GlobeNewswire. November 6, 2017.
  7. ↑ "1ST Constitution Bancorp to Acquire Shore Community Bank". GlobeNewswire News Room (Press release). 1st Constitution Bancorp (NJ). 2019-06-24. Retrieved 2019-11-22.
  8. ↑ "1ST Constitution Bancorp Announces Closing of the Merger of Shore Community Bank With and Into 1ST Constitution Bank". markets.businessinsider.com. finanzen net. Retrieved 2019-11-22.
  9. ↑ "Lakeland Bancorp, Inc. Completes Merger with 1st Constitution Bancorp" (Press release). GlobeNewswire. January 6, 2022.
  • Business data for 1st Constitution Bancorp:
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