On July 11, 2021, Lakeland Bancorp, Inc., Oak Ridge, New Jersey, and 1st Constitution Bancorp, Cranbury, New Jersey, entered into a definitive merger agreement pursuant to which 1st Constitution Bancorp will merge with and into Lakeland Bancorp, with Lakeland Bancorp as the resulting company in an all-stock transaction valued at approximately $244.4 million. As part of the merger, 1st Constitution Bank will merge with and into Lakeland Bank.

Lakeland Bancorp is the holding company for Lakeland Bank and has approximately $7.8 billion in total assets. 1st Constitution Bancorp is the holding company for 1st Constitution Bank and has approximately $1.8 billion in total assets.

Luse Gorman is serving as legal counsel to Lakeland Bancorp in the transaction. The Luse Gorman team consists of John Gorman, Marc Levy, Greg Sobczak, Jeffrey Cardone and Brendan Saxon.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past five years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.