trending Market Intelligence /marketintelligence/en/news-insights/trending/yg0krpxyl-vu8lw6z6ekcg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Bank of Princeton's board proposes increase in authorized common shares

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Bank of Princeton's board proposes increase in authorized common shares

Shareholders of Bank of Princeton will vote on a proposed increase to the company's number of authorized common shares.

The board is proposing to raise the number to 15.0 million shares from 10.0 million. As of March 14, Bank of Princeton had 6,599,479 common shares outstanding and 97,713 shares reserved for issuance under its stock option plans.

The board said it had no current arrangement for issuance of any of the proposed additional shares.

The vote will be held at the Princeton, N.J.-based company's April 24 annual shareholder meeting. Should the proposal receive shareholder approval, it will still be subject to approval by the New Jersey Department of Banking and Insurance commissioner.