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.
| Company type | Public |
|---|---|
| Nasdaq: FCCY Russell 2000 Index component | |
| Industry | Banking |
| Founded | 1989 |
| Defunct | January 2022 |
| Fate | Acquired 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 |  $1.079 billion (2017) |
| Total equity | $0.111 billion (2017) |
Number of employees | 183 (2017) |
| Website | www |
| Footnotes / references [1] | |
History
edit1st 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
edit- ^ a b c "1st Constitution Bancorp 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Institution History for 1ST CONSTITUTION BANK (1412619)". Federal Financial Institutions Examination Council.
- ^ "1ST Constitution Bancorp Repays $12 Million TARP Funds" (Press release). Yahoo!. October 27, 2010.
- ^ "1st Constitution Bancorp to Acquire Rumson-Fair Haven Bank and Trust" (Press release). GlobeNewswire. August 15, 2013.
- ^ "1ST Constitution Bancorp Announces Changes to Board of Directors" (Press release). GlobeNewswire. June 21, 2016.
- ^ "1ST Constitution Bancorp to Acquire New Jersey Community Bank" (Press release). GlobeNewswire. November 6, 2017.
- ^ "1ST Constitution Bancorp to Acquire Shore Community Bank". GlobeNewswire News Room (Press release). 1st Constitution Bancorp (NJ). 2019-06-24. Retrieved 2019-11-22.
- ^ "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.
- ^ "Lakeland Bancorp, Inc. Completes Merger with 1st Constitution Bancorp" (Press release). GlobeNewswire. January 6, 2022.
External links
edit- Business data for 1st Constitution Bancorp: