Contact Information: CONTACT: Robert F. Mangano President & Chief Executive Officer (609) 655-4500 Joseph M. Reardon Sr. Vice President & Treasurer (609) 655-4500
1ST Constitution Bancorp Declares a 5 Percent Stock Dividend
| Source: 1ST Constitution Bancorp
CRANBURY, NJ--(Marketwire - December 22, 2009) - 1ST Constitution Bancorp's (NASDAQ : FCCY ) Board
of Directors has declared a 5 percent stock dividend to shareholders of
record as of the close of business on January 19, 2010, payable February 3,
2010. Robert F. Mangano, President and Chief Executive Officer said that
this action represents the eighteenth consecutive year that a stock
dividend has been paid by 1ST Constitution.
1ST Constitution Bancorp and its primary subsidiary, 1ST Constitution Bank
operate eleven branch banking offices in Cranbury (two), Fort Lee,
Hamilton, Hightstown, Jamesburg, Montgomery, Plainsboro, Perth Amboy,
Princeton, and West Windsor, New Jersey.
1ST Constitution Bancorp is traded on the NASDAQ Global Market under the
trading symbol "FCCY." You can visit our Internet website at
www.1STCONSTITUTION.com
The foregoing contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are not
historical facts and include expressions about management's confidence and
strategies and management's expectations about new and existing programs
and products, relationships, opportunities, taxation, technology and market
conditions. These statements may be identified by such forward-looking
terminology as "expect," "look," "believe," "anticipate," "may," "will," or
similar statements or variations of such terms. Actual results may differ
materially from such forward-looking statements. Factors that may cause
results to differ materially from such forward-looking statements include,
but are not limited to, changes in the direction of the economy in New
Jersey, the direction of interest rates, effective income tax rates, loan
prepayment assumptions, continued levels of loan quality and origination
volume, continued relationships with major customers including sources for
loans, a higher level of net loan charge-offs and delinquencies than
anticipated, passage by Congress of a law which unilaterally amends the
terms of the Treasury's preferred stock investment in 1ST Constitution
Bancorp in a way that adversely affects 1ST Constitution Bancorp, bank
regulatory rules, regulations or policies that restrict or direct certain
actions, the adoption, interpretation and implementation of new or
pre-existing accounting pronouncements, a change in legal and regulatory
barriers including issues related to compliance with anti-money laundering
and bank secrecy act laws, as well as the effects of general economic
conditions and legal and regulatory barriers and structure. 1ST Constitution
Bancorp assumes no obligation for updating any such forward-looking
statements at any time, except as required by law.