Lakeland Bancorp to Acquire 1st Constitution

1st Constitution Bancorp and Lakeland Bancorp, Inc. entered into a definitive agreement and plan of merger under which Lakeland will acquire 1st Constitution in a transaction valued at about $244 million, the banks announced July 12. The combined organization will have approximately $9.6 billion in assets, making it the fifth-largest bank headquartered in New Jersey.

Day Pitney serves as legal counsel to 1st Constitution. The team, led by Scott Warren Goodman and Gretchen E. Blauvelt-Marquez, includes Jaclyn M. D'Esposito and Trevor G. Korb, with executive compensation and benefits counsel provided by David P. Doyle.

The deal was featured in NJBiz's feature article, "Lakeland Bancorp to Acquire 1st Constitution," and the press release can be found here.