Streetbeat News

CFIC

Cornerstone Financial Corp

Employees

Industry

Commercial Banking

Open

8.32

Mkt cap

18M

Volume

365

High

8.32

P/E Ratio

-83.20

52-wk high

9.85

Low

8.32

Div yield

N/A

52-wk low

6.72

Princeton Bancorp (NASDAQ:BPRN) is set to merge with Cornerstone Financial (OTC:CFIC) in a deal expected to close in Q3 of 2024. The agreement involves Princeton Bancorp providing $17.90 million for CFIC stock, with the payment method not yet disclosed. Both companies operate in the financial sector, with Princeton Bancorp offering business and personal banking services, while Cornerstone Financial focuses on commercial real estate and lending to small businesses and professionals.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:10 pm

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