---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-206278"
form_type: "8-K"
ticker: "BPRN"
cik: "0001913971"
company_name: "Princeton Bancorp, Inc."
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:54:00.143716+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-206278
- form_type: 8-K
- ticker: BPRN
- cik: 0001913971
- company_name: Princeton Bancorp, Inc.
- filed_at: 2024-08-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913971/000119312524206278/0001193125-24-206278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913971/000119312524206278/d864780d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-206278
- JSON: https://secwatch.observer/filing/0001193125-24-206278.json
- Plain text: https://secwatch.observer/filing/0001193125-24-206278.txt

## Key facts
- Executive change
  Susan M. Barrett was elected as Director at Princeton Bancorp, Inc..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913971/000119312524206278/0001193125-24-206278-index.htm

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