Benzinga | Dec 13, 2021 04:31PM EST

Lakeland Bancorp, 1st Constitution Bancorp Report New York Fed Issued Non-Objection To Co. Request To Waive Application Requirement For Deal

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 that on December 10, 2021, the Federal Reserve Bank of New York issued a non-objection to Lakeland's request to waive the application requirement in connection with the proposed merger of 1st Constitution with and into Lakeland. The companies have now received all regulatory approvals and non-objections in connection with the proposed merger.

The closing of the proposed merger remains subject to certain customary closing conditions. The merger is expected to close on January 6, 2022.