1st Constitution Bancorp · Cranbury, NJ United States ·(NASDAQ (GM): FCCY)
Company Description
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This link will open in a new window In order to "secure the blessings of liberty," the founding fathers established the US Constitution. As for promoting the general welfare, some banks share the same dedication to "We the people." 1st Constitution Bancorp is the parent of 1st Constitution Bank, which serves consumers, small businesses, and not-for-profits through about a dozen branches in Middlesex, Mercer, and Somerset counties in New Jersey. Services and products include demand, savings, and time deposits, as well as loans and mortgages. Commercial mortgages, business loans, and construction loans make up more than 60% of the company's lending portfolio. Directors and executive offices of 1st Constitution Bancorp own about 15% of the company. To read the full description, subscribe now.
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Key 1st Constitution Bancorp Financials
| Company Type | Public - NASDAQ (GM): FCCY Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $19.7 |
| 2008 Employees | 117 |
1st Constitution Bancorp Executives
9 executives listed for 1st Constitution Bancorp's Cranbury, NJ location.
| Title | Name & Bio | Contact |
| Chairman | Charles Crow | Network |
| President, CEO, and Director; President and CEO, 1st Constitution Bank | Robert Mangano | Network |
| SVP and Treasurer, 1st Constitution Bancorp and 1st Constitution Bank | Joseph Reardon | Network |
Competition
Competitive Landscape for 1st Constitution Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top 1st Constitution Bancorp Competitors
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