The Federal Reserve Bank of New York issued a non-objection to Lakeland Bancorp’s request to waive the application requirement in connection with the proposed merger of 1st Constitution Bancorp with and into Lakeland Bancorp. The companies have now received all regulatory approvals and non-objections in connection with the proposed merger.
The closing of the proposed merger remains subject to certain customary closing conditions. The merger is expected to close on Jan. 6.
Lakeland Bancorp is the parent company of Lakeland Bank, and 1st Constitution Bancorp is the parent company of 1st Constitution Bank.