Lakeland Bancorp, 1st Constitution deal gets final regulatory approval

Oak Ridge, N.J.-based Lakeland Bancorp Inc. and in-state peer 1st Constitution Bancorp have received all regulatory approvals and nonobjections in connection with their proposed merger.

Lakeland said in a press release that the Federal Reserve Bank of New York issued a nonobjection to its request to waive the application requirement in connection with the planned deal.

The Federal Deposit Insurance Corp. and the New Jersey Department of Banking and Insurance have already approved the transaction.

The merger is expected to close Jan. 6, 2022.