Key Developments: 1st Constitution Bancorp (FCCY.O)
8.98USD
23 May 2013
$0.03 (+0.34%)
$8.95
$8.99
$8.99
$8.95
3,062
2,893
$9.10
$7.00
Latest Key Developments (Source: Significant Developments)
1st Constitution Bancorp Declares 5% Stock Dividend
1st Constitution Bancorp announced that its Board of Directors has declared a 5% stock dividend to shareholders of record as of the close of business on January 14, 2013, payable January 31, 2013. Full Article
1st Constitution Bancorp Announces Rights Offering To Existing Shareholders And Filing Of Registration Statement
1st Constitution Bancorp announced that on August 16, 2012, it filed a registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC") for a rights offering to its existing shareholders. 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 its registration statement is declared effective by the SEC. Assuming the rights offering is fully subscribed, the Company estimates that it will receive gross proceeds in the range of $4.0 million to $7.0 million, less the expenses of the rights offering. The Company intends to use the proceeds for general corporate purposes, and to continue to build the Company's franchise. The Company previously redeemed all of its preferred stock issued to the United States Treasury under the TARP program. The rights offering includes an oversubscription privilege which permits each rights holder that exercises its rights in full to purchase additional shares of common stock that remain unsubscribed at the expiration of the offering. This oversubscription privilege is subject to the availability and allocation of shares among holders exercising this oversubscription privilege. Full Article
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