1st Constitution Bancorp Acquired by Lakeland Bancorp

1st Constitution Bancorp, a Jersey-based bank, was acquired by Lakeland Bancorp in 2019. This marked a significant shift in the bank's ownership.

The acquisition was a strategic move by Lakeland Bancorp to expand its presence in the region. It's a common practice in the banking industry for companies to acquire smaller banks to increase their market share.

The acquisition was completed in the second quarter of 2019, and it was a major milestone for 1st Constitution Bancorp. The bank's assets and operations were integrated into Lakeland Bancorp's system.

The acquisition had a positive impact on 1st Constitution Bancorp's customers, who gained access to a wider range of financial services and products.

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1st Constitution Bancorp has a rich history that spans over three decades. The company was founded in 1989.

In 1999, the company took a significant step by establishing 1st Constitution Bancorp as a bank holding company. This move helped the company expand its reach and operations.

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The company's commitment to financial stability was evident in 2010 when it repaid the $12 million it received from the Troubled Asset Relief Program in October of that year.

In 2013, 1st Constitution Bancorp made another strategic move by acquiring Rumson-Fair Haven Bank and Trust for $24.3 million.

The company's board of directors underwent a change in 2016, expanding from 5 to 8 members in June of that year.

In 2019, the company announced its intent to acquire Shore Community Bank in a deal valued at $53.1 million. The deal was approved and closed in November of the same year.

Here's a brief timeline of the company's major milestones:

Lakeland Bancorp, a New Jersey-based bank holding company, has announced plans to acquire 1st Constitution Bank, a New Jersey-based community bank.

The acquisition is expected to expand Lakeland's presence in New Jersey and strengthen its position in the state's banking market.

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Lakeland Bancorp will acquire 1st Constitution Bank's assets and assume its liabilities, marking a significant expansion of Lakeland's operations in the Garden State.

The acquisition is subject to regulatory approval and is expected to be completed in the second quarter of 2023.

The combined entity will have approximately $14.4 billion in assets and 60 branches across New Jersey.

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1st Constitution Bancorp offers a range of financial services, including commercial banking, consumer banking, and wealth management.

The company has a strong presence in New Jersey, with over 30 locations throughout the state, making it a convenient option for local residents and businesses.

Its commercial banking services cater to the needs of small to medium-sized businesses, providing flexible loan options and tailored financial solutions.

The bank's consumer banking services include a variety of deposit accounts, such as checking and savings accounts, as well as credit card and loan options.

1st Constitution Bancorp's wealth management services help individuals and families achieve their long-term financial goals through investment advice and retirement planning.

The bank's experienced team of financial professionals provides personalized guidance and support to help customers navigate the complexities of personal finance.

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1st Constitution Bancorp is a bank holding company that operates in New Jersey.

The company was founded in 1889, making it one of the oldest banks in the state.

1st Constitution Bancorp is headquartered in New Jersey, with a strong presence in the local community.

The company has a diverse range of services, including personal and business banking, as well as investment and insurance products.

1st Constitution Bancorp has a long history of community involvement, with a focus on supporting local businesses and organizations.

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1st Constitution Bancorp has a significant history, with a dividend growth record that dates back to 1994.

First Financial's acquisition of 1st Constitution Bancorp has contributed further to its growth.

The acquisition has likely brought new opportunities and resources to the table, allowing for further expansion and development.

1st Constitution Bancorp's history is a testament to its ability to adapt and thrive in a changing financial landscape.

The company's commitment to dividend growth is a hallmark of its success, and a key factor in its appeal to investors.

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