1st Constitution Bancorp
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 1989 |
| Fate | Acquired by Lakeland Bancorp, Inc. |
| Headquarters | Cranbury , United States |
Area served | New Jersey |
1st Constitution Bancorp functioned as a bank holding company with its headquarters located in Cranbury, New Jersey. It managed 1st Constitution Bank until it was acquired by Lakeland Bancorp, Inc.
History
Established in 1989, 1st Constitution Bank later formed its parent company, 1st Constitution Bancorp, in 1999.
In October 2010, the firm fully repaid the $12 million it had obtained through the Troubled Asset Relief Program.
Growth was achieved via acquisitions, including the purchase of Rumson-Fair Haven Bank and Trust for $24.3 million in 2013 and New Jersey Community Bank for $7.6 million in 2017. A $53.1 million transaction to acquire Shore Community Bank was announced in June 2019 and finalized by November of the same year.
The board of directors expanded its membership from five to eight individuals in June 2016.
Lakeland Bancorp completed an all-stock acquisition of 1st Constitution Bancorp in January 2022.