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FIRST CONSTITUTION FINANCIAL REPORTS SHAREHOLDER VOTING, NEW DIRECTOR

FIRST CONSTITUTION FINANCIAL REPORTS SHAREHOLDER VOTING, NEW DIRECTOR
 NEW HAVEN, Conn., June 19 /PRNewswire/ -- First Constitution Financial Corporation (NASDAQ: FCON), parent company of First Constitution Bank, said that all proposals on the ballet for its 1992 annual meeting have been approved by shareholders.
 The meeting was first called to order on May 19, with approximately 87 percent of the company's outstanding shares represented in person and by proxy. There were 10,956,519 shares outstanding on the record date for the meeting.
 Three incumbent directors -- John J. Crawford, president and chief executive officer of the company; Yale economist Sharon M. Oster; and retired businessman Lawton G. Sargent Jr. -- were elected to new three-year terms on the board by at least 87 percent of shares voted.
 A proposal to amend the company's stock option plan to change the timing, but not the quantity, of option grants to non-employee directors was approved, as was the ratification of the board's appointment of KPMG Peat Marwick as auditors for the 1992 year.
 Also voted on at the May 19 meeting was a proposal to amend the certificate of incorporation by eliminating an article dealing with possible restraints on a change in control of the company. An affirmative vote of at least two-thirds of shares outstanding was required for passage. Because the affirmative vote reported was less than 66 percent of outstanding shares, the meeting was adjourned to today's date to allow counting of proxy cards still in transit. A final vote in excess of 67 percent of outstanding shares was reported at today's reconvened meeting.
 In separate action, First Constitution directors elected an additional member to serve on what is now a nine-person board. She is Mary Jane Burt, 39, president of Burt Medical Laboratory Inc. in New Haven. "As principal of a successful Connecticut clinical laboratory, Ms. Burt brings an entrepreneurial point of view to board deliberations," Crawford said.
 Her prior experience was in key governmental and public affairs areas. She previously was director of intergovernmental affairs for the National Development Council in Washington, where she was a key participant in the 60-city economic-development work of its Neighborhood Business Revitalization program. Before that, Ms. Burt served as district administrator to Stephen J. Solarz, who represents the 13th Congressional District of New York.
 Ms. Burt is a Fellow of Calhoun College of Yale University and is on the boards of Albertus Magnus College, the American Association of Bioanalysts, and the Connecticut Association of Clinical Laboratories. She serves on the New Haven Foundation Annual Development Committee and the city's Downtown Council Biotechnology Task Force. She lives in Hamden, Conn., with her husband and three children.
 -0- 6/19/92
 /CONTACT: John Rourke of First Constitution Financial, 203-782-4570/
 (FCON) CO: First Constitution Financial Corporation ST: Connecticut IN: FIN SU:


SH -- NE012 -- 1979 06/19/92 14:19 EDT
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Date:Jun 19, 1992
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