secwatch.observer — SEC 8-K summary
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Issuer:     Princeton Bancorp, Inc. (BPRN)
CIK:        0001913971
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001193125-23-149542
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Princeton Bancorp completes acquisition of Noah Bank for $25.4M in cash
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- Total transaction value ~$25.4M; Noah shareholders received $6.00 per share cash.
- Noah had $241.6M in assets, $193.1M in deposits, $35.3M equity as of March 31, 2023.
- Pro forma combined assets ~$1.8B; TBOP now operates 30 branches in NJ, PA, and NY.
- Hyunjun An, Noah's Acting President and CFO, joined TBOP as Senior Vice President.
- Transaction closed May 19, 2023; TBOP survivor, Noah merged into TBOP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913971/000119312523149542/0001193125-23-149542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913971/000119312523149542/d309464d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149542

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