1st Constitution Bank Celebrates 20th Anniversary

Cranbury, NJ June 22, 2009- 1ST Constitution Bank was founded in 1989 in Cranbury, NJ. Since its opening, the bank has grown as it continues to provide financial services to consumers and small business owners principally in Central New Jersey and Bergen County, New Jersey.  The directors and officers of 1st Constitution Bank are committed to a strong and effective leadership and have operated in an environment where the primary constant has been change.  Over its twenty year history 1ST Constitution has provided shareholders a solid capital base, earnings growth, and dedication to personal service; while offering innovative products that lead to long-term customer satisfaction and above average returns on shareholder investments.

The bank was organized by a local group of businessmen with a vision to provide a community banking atmosphere dedicated to personal service.  In 20 years, the bank has grown to $600 million in assets, has over 100 employees, and continues to maintain the values and beliefs of developing long-term relationships, which has led to 1ST Constitution’s success in the markets it serves.

Headquartered in Cranbury NJ, 1ST Constitution Bank currently provides financial services through its 11 branch banking offices located in Central and Northern New Jersey.  The institution serves consumers and small businesses by providing residential and commercial mortgages, construction loans, a wide range of deposit and credit products, as well as online and remote banking services.  

After two decades 1ST Constitution Bank continues to distinguish itself from other institutions through its outstanding customer service, innovative product offerings and local decision-making. Recently, 1ST Constitution established a Direct Bank at 1stconstitutiondirect.com.  The Direct Bank is utilized as a deposit gathering source and guarantees a competitive return while providing customers easy access to transfer funds to and from their accounts for investment purposes.

At 1ST Constitution Bank our mission statement remains; “We will continue to provide financial services to consumers, businesses, and institutions in Central New Jersey in the communities we serve. 

Our basis of services gives emphasis to credit products for creditworthy consumers and businesses, and deposit products and services designed to enhance the value of our clients’ assets. 

Our employees are a key element in our success.  We train them appropriately and provide them with the means to deliver a superior level of service to our customers, and reward them accordingly for their overall performance.

Our mission is to enhance shareholder value by making each of our operating units a driving force toward providing shareholders with an appropriate rate of return on their investment.

In 2009, we celebrate our twentieth year of providing quality financial services to our customers and the communities we serve.  “I believe 1st Constitution has the resources, the people, the capital, and the technology necessary to achieve risk-adjusted growth rates that continue to exceed our peer group average.  I believe we can deliver more revenue growth to the bottom line by continuing to find new ways to improve operating efficiency” said Robert F. Mangano, President and Chief Executive Officer.
1ST Constitution Bancorp, through its primary subsidiary, 1ST Constitution Bank, operates eleven branch banking offices in Cranbury (2), Fort Lee, Hamilton, Hightstown, Jamesburg, Montgomery, Perth Amboy, Plainsboro, West Windsor, and Princeton, New Jersey.
1ST Constitution Bancorp common stock is traded on the Nasdaq Global Market under the trading symbol “FCCY”.  Information about 1ST Constitution Bancorp can be accessed via the Internet at www.1STCONSTITUTION.com.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

1st Constitution Bank is participating in the FDIC's Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. The temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing checking account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking account or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyer Trust Accounts (IOLTA’s).

Funds that are automatically transferred, or “swept” from a noninterest-bearing transaction account to another account that does not qualify as a noninterest-bearing account will no longer be fully covered under the Transaction Account Guarantee Program (TAGP).

Equal Opportunity Housing Lender

Privacy Act

Equal Housing Lenders. 1st Constitution Bank is a member FDIC. © 2000 1st Constitution Bancorp. All Rights Reserved.


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IMPORTANT INFORMATION ABOUT PROCEDURES

FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.