1st Constitution Bancorp

Last updated
1st Constitution Bancorp
Company type Public
Nasdaq: FCCY
Russell 2000 Index component
Industry Banking
Founded1989;37 years ago (1989)
DefunctJanuary 2022 (2022-01)
FateAcquired by Lakeland Bancorp, Inc.
Headquarters Cranbury, New Jersey
Key people
 Charles S. Crow, III (chairman)
Robert F. Mangano (CEO & president)
John Andreacio (CCO & EVP)
Stephen J. Gilhooly (CFO & SVP)
Total assets Increase2.svg $1.079 billion (2017)
Total equity Increase2.svg $0.111 billion (2017)
Number of employees
183 (2017)
Website www.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.

Contents

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.
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