Lakeland Bancorp completed the acquisition of 1st Constitution Bancorp for $244m.

Lakeland Bancorp, the parent company of Lakeland Bank, completed the acquisition of 1st Constitution Bancorp, the parent company of 1st Constitution Bank, for $244m. "We are delighted to be combining with 1st Constitution and expanding Lakeland’s presence into central New Jersey. This business combination provides attractive financial attributes to shareholders of both Lakeland and 1st Constitution. This merger is consistent with our recent initiatives to expand into desirable markets. We look forward to working with 1st Constitution in delivering a broad array of business and consumer products into our expanded marketplace," Thomas J. Shara, Lakeland President and CEO.