Benzinga | Nov 5, 2021 09:45AM EDT

Lakeland Bancorp, 1st Constitution Bancorp Announce Receipt Of FDIC And New Jersey Approvals In Connection With Proposed Merger

Lakeland Bancorp, Inc. ("Lakeland") (NASDAQ:LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp ("1st Constitution") (NASDAQ:FCCY), the parent company of 1st Constitution Bank, announced today the receipt of Federal Deposit Insurance Corporation and New Jersey Department of Banking and Insurance approval in connection with the proposed merger of 1st Constitution with and into Lakeland.



The closing of the proposed merger remains subject to the approval of or waiver by the Board of Governors of the Federal Reserve System, the approval of Lakeland's shareholders at the special meeting of shareholders to be held on December 3, 2021, the approval of 1st Constitution's shareholders at the special meeting of shareholders to be held on December 3, 2021, and certain other customary closing conditions.