1st Constitution Bancorp and Lakeland Bancorp, Inc. entered into a definitive agreement and plan of merger under which Lakeland will acquire 1st Constitution in a transaction valued at about $244 million, the banks announced July 12. The combined organization will have approximately $9.6 billion in assets, making it the fifth-largest bank headquartered in New Jersey.
Day Pitney serves as legal counsel to 1st Constitution. The team, led by Scott Warren Goodman and Gretchen E. Blauvelt-Marquez, includes Jaclyn M. D'Esposito and Trevor G. Korb, with executive compensation and benefits counsel provided by David P. Doyle.
Day Pitney Artificial Intelligence Committee Chair Kritika Bharadwaj and Healthcare and Technology Associate Colton Kopcik authored the article "Generative AI in Health Care: Diagnosing the Legal Landscape for Dr. GenAI" for the New York Law Journal's Legal Technology Special Section.
Day Pitney Technology, Telecommunications and Outsourcing practice group chair Richard D. Harris authored the article, "AI Will Transform Legal Industry in 2024, Beyond," for the Hartford Business Journal.