---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-009703"
form_type: "8-K"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:08:13.794731+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Princeton Bancorp (BPRN) to acquire Cornerstone Financial (CFIC) for ~$17.9M

## Summary
- Deal valued at ~$17.9M; each Cornerstone common share exchanged for 0.24 BPRN shares (~$8.16/share at $34.00 close).
- Cornerstone had $321M assets, $276M loans, $290M deposits, $23.8M equity as of Sept 30, 2023.
- Transaction expected to be 5.7% dilutive to tangible book with 2.5-year earn-back; 21% GAAP EPS accretive in 2025.
- Pro forma combined: ~$2.3B assets, 28 branches in NJ, 5 in PA, 2 in NYC.
- Expected close in Q2/Q3 2024, subject to regulatory approvals and Cornerstone shareholder vote.

## SEC filing metadata
- accession: 0001193125-24-009703
- form_type: 8-K
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913971/000119312524009703/0001193125-24-009703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312524009703/d874721d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-009703
- JSON: https://secwatch.observer/filing/0001193125-24-009703.json
- Plain text: https://secwatch.observer/filing/0001193125-24-009703.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.