Brief: Princeton Bancorp Agrees To Acquire Cornerstone Financial Corp

Princeton Bancorp

18/01/2024 13:06

Jan 18 (Reuters) - Princeton Bancorp Inc  BPRN.O :
    * PRINCETON BANCORP, INC. AGREES TO ACQUIRE CORNERSTONE
FINANCIAL
CORPORATION
    * PRINCETON BANCORP INC - PROPOSED DEAL FOR $17.9 MILLION
    * PRINCETON BANCORP INC - TRANSACTION IS ALSO EXPECTED TO BE
21%
ACCRETIVE TO PRINCETON BANCORP'S 2025 EARNINGS PER SHARE ON A
GAAP BASIS
    * PRINCETON BANCORP INC -  TRANSACTION APPROVED BY BOARDS OF
DIRECTORS OF BOTH COMPANIES
    * PRINCETON BANCORP INC -  UNDER TERMS OF MERGER AGREEMENT
CORNERSTONE WILL MERGE WITH, INTO AND UNDER CHARTER OF PRINCETON
BANCORP

Source text for Eikon:  ID:nPn532V8ja 
Further company coverage:  BPRN.O 

 ((Reuters.Briefs@thomsonreuters.com;))