1ST Constitution Bancorp Announces Record Date for Rights Offering to Existing Shareholders

Fri Aug 24, 2012 9:15am EDT

* Reuters is not responsible for the content in this press release.

  CRANBURY, NJ, Aug 24 (Marketwire) -- 
1ST Constitution Bancorp (NASDAQ: FCCY), parent company of 1ST
Constitution Bank, announced today that a record date of the close of
business on September 5, 2012 has been set for its planned rights
offering to existing shareholders (the "Rights Offering"). On August 16,
2012, the Company filed a registration statement on Form S-3 with the
Securities and Exchange Commission (the "SEC") with respect to the Rights
Offering (the "Registration Statement"). Subject to the Registration
Statement being declared effective by the SEC, the Rights Offering will
be made through the distribution of non-transferable subscription rights
to purchase shares of the Company's common stock at a subscription price
at a ratio to be determined. The Company intends to distribute the rights
and commence the offering promptly after the record date.

    The information in the Registration Statement is not complete and may be
changed. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state.

    About the Company
 1ST Constitution Bancorp, through its primary
subsidiary, 1ST Constitution Bank, operate fourteen branch banking
offices in Cranbury (2), Fort Lee, Hamilton, Hightstown, Hillsborough,
Hopewell, Jamesburg, Lawrenceville, Perth Amboy, Plainsboro, Rocky Hill,
West Windsor, and Princeton, New Jersey.

    1ST Constitution Bancorp is traded on the Nasdaq Global Market under the
trading symbol "FCCY" and can be accessed through the Internet 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, 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. 

    

Robert F. Mangano
President & Chief Executive Officer
(609) 655-4500

Joseph M. Reardon 
Sr. Vice President & Treasurer
(609) 655-4500 

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