| 1st Constitution Bancorp | |
| Type: | Public |
| Traded As: | NASDAQ: Russell 2000 Index component |
| Fate: | Acquired by Lakeland Bancorp, Inc. |
| Location: | Cranbury, New Jersey |
| Industry: | Banking |
| Assets: | $1.079 billion (2017) |
| Equity: | $0.111 billion (2017) |
| Num Employees: | 183 (2017) |
| Footnotes: | [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.
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]