1st Constitution Bancorp

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.

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]

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. "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. Bancorp (NJ), 1st Constitution (2019-06-24). "1ST Constitution Bancorp to Acquire Shore Community Bank". GlobeNewswire News Room (Press release). Retrieved 2019-11-22.
  8. GmbH, finanzen net. "1ST Constitution Bancorp Announces Closing of the Merger of Shore Community Bank With and Into 1ST Constitution Bank | Markets Insider". markets.businessinsider.com. 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:
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.