Business
The Bank of Princeton Announces Declaration of a $0.03 Quarterly Cash Dividend
PRINCETON, N.J., April 25, 2019 /PRNewswire/ -- The Bank of Princeton (the "Bank") (NASDAQ – BPRN) announced that its Board of Directors, at a meeting held on
About this update from Princeton Bancorp, Inc.
[{"type":"text","content":"PRINCETON, N.J., April 25, 2019 /PRNewswire/ -- The Bank of Princeton (the \"Bank\") (NASDAQ – BPRN) announced that its Board of Directors, at a meeting held on April 24, 2019, declared a cash dividend of $0.03 per share of the common stock of the Bank. This dividend will be paid on May 31, 2019 to shareholders of record at the close of business on May 10, 2019. \"This dividend reflects the Board of Director's commitment in providing a return to shareholders,\" stated Edward Dietzler, President and CEO. \nThe paying cash dividends on a quarterly basis, subject to a determination and declaration each quarter by its Board of Directors, which will take into account a number of factors, including the financial condition of the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Bank. If paid, such dividends may be reduced or eliminated in future periods. \nAbout The Bank of Princeton\nThe Bank of Princeton is a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial bank with ten branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe, Lambertville, Lawrenceville, and New Brunswick. There are also three branches in the Philadelphia, Pennsylvania area, operating as MoreBank, a division of The Bank of Princeton. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation (\"FDIC\").\nForward-Looking Statements\nThe Bank of Princeton may from time to time make written or oral \"forward-looking statements,\" including statements contained in the Bank's filings with the FDIC, in its reports to stockholders and in other communications by the Bank (including this press release), which are made in good faith by the Bank pursuant to the \"safe harbor\" provisions of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended.\nThese forward-looking statements involve risks and uncertainties, such as statements of the Bank's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Bank's control). The following factors, among others, could cause the Bank's financial performance to differ materially from the plans, objectives, expectations, estimates and ...