1st Constitution Bancorp serves as the bank holding company for its wholly owned subsidiary 1st Constitution Bank (the Bank). It is headquartered in Cranbury, New Jersey and operates ten additional branch offices in downtown Cranbury, Fort Lee, Hamilton Square, Hightstown, Jamesburg, Montgomery, Perth Amboy, Plainsboro, West Windsor, and Princeton, New Jersey. The Bank’s investment securities portfolio amounted to 23% of total assets as of December 31, 2007. It is a publicly traded company listed on the NASDAQ.
In late December 2008 the Bank announced its participation in the Treasury Department’s Capital Purchase Program. According to a statement regarding the Treasury program, the Bank’s participation was voluntary, the Bank continues to be well capitalized, and in part the proceeds under the program would be used for “general corporate purposes.”
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Bailout Bank Bio: 1st Constitution Bancorp
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Federal Equity Investment |
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Total Revenue |
$32.93 million (2007) |
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Net Income |
$5.443 million (2007) |
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Number of Employees |
100 |
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Corporate Headquarters |
Cranbury, New Jersey |
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Business Sector |
Banking |
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Officers and Directors |
Mangano, Robert, President, Chief Executive Officer; 1st Constitution Bank, Director |
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Corporate Website |
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Executive Compensation |
2008-12-23 1st Constitution 8K
2008-09-30 1st Constitution 10Q
No federal contracts located.
No lobbying records located.
No political contributions located
January 9, 2008 Seeing What Sticks (APP.com)
December 23, 2008 1ST Constitution Bancorp Completes Sale of $12 Million in Fixed Rate Cumulative Perpetual Preferred Stock and Common Stock Warrant to the U.S. Treasury (press release)
December 22, 2008 1ST Constitution Bancorp Declares a 5 Percent Stock Dividend (press release)
Last Updated January 27, 2009
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