M&A · Financials · Buyer's industry: State Commercial Banks
Princeton Bancorp, Inc. to acquire Cornerstone Financial Corporation
Announced Jan 18, 2024 · Closed Aug 23, 2024 · Private target
Deal value$18M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Princeton Bancorp, Inc. (BPRN)
- Target
- Cornerstone Financial Corporation
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Aug 23, 2024
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Raymond James
- To the target
- Janney Montgomery Scott
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks