1st Constitution Bancorp is the New Jersey holding company of 1st Constitution Bank. It has 10 branches following the opening of its new Plainsboro and Fort Lee, NJ Branches. It was founded in 1989. 1ST Constitution Bancorp (Nasdaq: FCCY - News) reported record net income for the year ended December 31, 2006. For the year ended December 31, 2006, net income reached $5,332,844, or $1.41 per diluted share. These results represent a 16.9 percent increase in earnings and a 17.5 percent increase in diluted earnings per share, compared to net income of $4,560,127, or $1.20 per diluted share reported for the year ended December 31, 2005.
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“The veto is a President’s Constitutional right, given to him by the drafters of the Constitution because they wanted it as a check against irresponsible Congressional action. The veto forces Congress to take another look at legislation that has been passed. I think this is a responsible tool for a president of the United States, and I have sought to use it responsibly.”
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