The merger of New Jersey Community Bank into Cranbury-based 1st Constitution Bank has closed, according to parent company 1st Constitution Bancorp.
The deal, which was announced in November and valued at around $7.6 million at the time, gives 1st Constitution a total of 20 branches in central New Jersey.
“We are very excited about the expected benefits of the merger for our customers and shareholders,” CEO and President Robert F. Mangano said in a prepared statement. “The expansion of our presence in Monmouth County should provide additional lending and deposit-gathering opportunites for us.”
The deal gives the bank seven offices in Monmouth County.
