Princeton Bancorp completes acquisition of Cornerstone Financial; combined assets ~$2.31B

Princeton Bancorp, Inc.

CFC had $322.7M assets, $290.6M deposits, $27.7M equity as of June 30, 2024.
CFC common shareholders receive 0.24 BPRN shares per CFC share, valued at $9.14 based on $38.09 closing.
CFC preferred shares converted to $1,000 cash per share; deal closed August 23, 2024.
Susan Barrett, former CFC Chairman, appointed to BPRN and TBOP boards.
Combined entity operates 34 offices in NJ, PA, and NY; assets projected ~$2.31B.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Susan M. Barrett

Director

BPRN · Princeton Bancorp, Inc.

Effective: 2024-08-23
Filed: August 23, 2024, 7:59 PM ET

On August 23, 2024, the Board of Directors of Princeton Bancorp, Inc. (the “Registrant”), the bank holding company of The Bank of Princeton (“TBOP”), elected Susan M. Barrett to the Board of Directors of the Registrant.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Susan M. Barrett was elected as Director at Princeton Bancorp, Inc..

Action: elected
Role: Director

Exact text from the filing

On August 23, 2024, the Board of Directors of Princeton Bancorp, Inc. (the “Registrant”), the bank holding company of The Bank of Princeton (“TBOP”), elected Susan M. Barrett to the Board of Directors of the Registrant.

View on SEC.gov

Princeton Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-206278

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.