Brief: Bank Of Princeton Announces Intent To Form Holding Company

Princeton Bancorp

01/03/2022 21:03

March 1 (Reuters) - Bank Of Princeton  BPRN.O :
    * THE BANK OF PRINCETON ANNOUNCES INTENT TO FORM HOLDING
COMPANY
    * BANK OF PRINCETON - INTENT TO FORM A BANK HOLDING COMPANY
    * BANK OF PRINCETON - IF APPROVED, BANK WOULD BECOME A
SUBSIDIARY
OF PRINCETON BANCORP, INC.
    * BANK OF PRINCETON - CURRENT STOCKHOLDERS WILL HAVE SAME
RIGHTS
AND OWNERSHIP PERCENTAGE IN NEW HOLDING COMPANY AS THEY
CURRENTLY HAVE IN BANK
    * BANK OF PRINCETON - HOLDING COMPANY FORMATION WILL NOT
IMPACT
BANK'S OPERATIONS
    * BANK OF PRINCETON - ANTICIPATES COMPLETING REORGANIZATION
AT END
OF Q2 OR BEGINNING OF Q3 OF 2022
    * BANK OF PRINCETON - BANK'S HEADQUARTERS WILL REMAIN IN,
AND
HOLDING COMPANY'S HEADQUARTERS WILL BE LOCATED IN, PRINCETON,
NEW JERSEY.

Source text for Eikon:  ID:nPn9t0Ndka 
Further company coverage:  BPRN.O