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 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.