Announced
Completed
Financials
Tags
Merger
Friendly
Majority
United States
Single Bidder
commercial banking
Acquisition
Banks
Public
Completed
Synopsis
1st Constitution Bancorp, a financial services holding company, completed a $53m acquisition of Shore, a commercial bank that serves small and medium-sized businesses and individuals. “We are pleased to be combining with Shore Community Bank and expanding our presence into several new markets in Ocean County. Northern and Central Ocean County represent attractive markets with desirable demographic characteristics and growth opportunities,” Robert F. Mangano, 1ST Constitution Bancorp’s President and Chief Executive Officer.
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