Day Pitney Represents 1st Constitution Bancorp in its Acquisition of Shore Community Bank

June 24, 2019

Day Pitney LLP represented 1st Constitution Bancorp in connection with its merger agreement with Shore Community Bank, pursuant to which 1st Constitution will acquire Shore in a stock and cash transaction valued at $16.54 per share, or approximately $53.1 million in total consideration. The merger has been unanimously approved by the boards of directors of both institutions, and is anticipated to be completed during the fourth quarter of 2019. Upon the closing of the transaction, Shore will merge with and into 1st Constitution Bank.

Shore operates five banking offices in northern and central Ocean County and has assets of $274 million, loans of $212 million and deposits of $240 million as of March 31, 2019. Following the completion of the merger, 1st Constitution will have approximately $1.5 billion in assets, $1.1 billion of loans and $1.2 billion of deposits, with 26 full-service banking offices located in Bergen, Middlesex, Monmouth, Mercer, Ocean and Somerset Counties, New Jersey.

The Day Pitney team is led by partner Scott Warren Goodman and includes Frank E. Lawatsch, Jr., David P. Doyle, Jaclyn M. D' Esposito, Christopher M. Rogers, Luke S. Pontier and Anthony M. Wildasin.

To view the company's official press release, click here.

On July 7, Michael Kaufman will participate as faculty on Strafford's 90-minute Q&A style webinar, "Contribution Agreements: Joint Liability and Rights of Contribution Under Loan Guaranties."

June 30, 2020

Negotiating with Fintechs – Beyond Due Diligence

On February 20, Michael Rave and Michael Dunne spoke at FinXTech R.O.D.E., a conference presented by Autobooks, Bank Director and Microsoft and held at the Advanced Technology Development Center in Atlanta, GA.

February 20, 2020

FinXTech R.O.D.E., Advanced Technology Development Center, Atlanta, GA

When Good Deals Go Bad – Pitfalls to Avoid During the Sale Process

On January 15, Brian Fischer spoke at "When Good Deals Go Bad – Pitfalls to Avoid During the Sale Process," an Exit Planning Exchange (XPX) program held at The Hartford Club in Hartford, CT.

January 15, 2020

Exit Planning Exchange (XPX), The Hartford Club, Hartford, CT

Federal Tax Institute of New England

October 24, 2019

Partners Edward Krzanowski, Tiana Gianopulos and Daniel Gottfried spoke at the 2019 Federal Tax Institute of New England, a CLE program presented by the Estates and Probate Section and the Tax Section of the Connecticut Bar Association and held in Portland, CT.

October 29, 2019

Federal Tax Institute of New England, Portland CT

Public & Private Capital Raising: How To Fund Your Bank for Growth and/or Change

On January 27, Michael Rave will be speaking on "Public & Private Capital Raising: How To Fund Your Bank for Growth and/or Change" at Bank Director's annual conference, Acquire or Be Acquired, in Phoenix, AZ.

January 27, 2019

Acquire or Be Acquired, Bank Director's Annual Conference, Phoenix, AZ

Day Pitney Elects Four New Partners

January 4, 2021

Day Pitney Press Release

Patricia Jimenez Elected President of Connecticut Hispanic Bar Association

June 26, 2020

Patricia "Paty" Jimenez has been elected President of the Connecticut Hispanic Bar Association (CHBA).

New Executive Order Allows For Remote Annual Meetings During COVID-19 Crisis

May 26, 2020

Lane Watson was featured in the Connecticut Law Tribune article "Goodbye Law Firm Retreats: New Executive Order Allows For Remote Annual Meetings During COVID-19 Crisis."

Hedge Fund Law Report Covers Erik Bergman's Move to Day Pitney's Stamford, CT Office

March 13, 2020

Hedge Fund Law Report covered Erik Bergman's move to Day Pitney's Stamford office in an article posted March 12.

Day Pitney Represents Pula Capital Management LP in Strategic Investment by Felton Group, LLC

December 3, 2019

Day Pitney LLP represented Pula Capital Management LP (Pula), a newly formed investment manager based in Virginia, in connection with (i) the acquisition of a minority ownership interest in Pula by Felton Group, LLC (Felton Group), and (ii) an investment by Felton Group in Pula Capital Fund, LP, a newly formed fund managed by Pula that intends to employ novel mathematical techniques and a proprietary, systematic predictive model to trade a diversified long-short portfolio of liquid U.S. equities.