CRANBURY, N.J., Feb. 14, 2018 (GLOBE NEWSWIRE) — 1ST Constitution Bancorp (NASDAQ:FCCY) (“1ST Constitution”), parent company of 1ST Constitution Bank, announced that it has received approval from the State of New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation of the proposed merger of New Jersey Community Bank (OTC:NJCB) (“NJCB”) with and into 1ST Constitution Bank. The merger is subject to a number of conditions, including the approval by the NJCB shareholders at a special meeting of shareholders scheduled to be held on March 22, 2018. The closing of the transaction is anticipated to take place during the second quarter of 2018.
About 1ST Constitution Bancorp
1ST Constitution Bancorp, through its primary subsidiary, 1ST Constitution Bank, has approximately $1.1 billion of assets and operates 18 branch banking offices in Cranbury (2), Fort Lee, Hamilton, Hightstown, Hillsborough, Hopewell, Jamesburg, Lawrenceville, Perth Amboy, Plainsboro, Rocky Hill, Princeton, Rumson, Fair Haven, Shrewsbury, Little Silver and Asbury Park, New Jersey.
1ST Constitution Bancorp is traded on the Nasdaq Global Market under the trading symbol “FCCY” and information about the Company can be accessed through the Internet at www.1STCONSTITUTION.com
About New Jersey Community Bank
New Jersey Community Bank is a state-chartered commercial bank headquartered in Freehold, New Jersey. New Jersey Community Bank opened for business in July 2008 and operates two full-service banking offices in Monmouth County, New Jersey. New Jersey Community Bank provides traditional commercial and retail banking services to small businesses and consumers.
NJCB is traded over the counter under the symbol “NJCB” and information about the NJCB can be accessed at www.njcbk.com.
No Offer or Solicitation
On November 6, 2017, the 1st Constitution Bancorp (the “Company”) and its wholly-owned subsidiary, 1st Constitution Bank (the “Bank”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with NJCB providing for the merger of NJCB with and into the Bank, with the Bank as the surviving entity (the “Merger”). The material terms of the Merger Agreement and the Merger were disclosed on a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on November 7, 2017.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities …