The Bank of Princeton announces an Equity Buyback for 324,017 shares, representing 5% for $10.3 million.

The Bank of Princeton (NasdaqGS:BPRN) announces a share repurchase program. Under the program, the company will repurchase up to 324,017 shares, representing 5% of its issued share capital for $10.3 million. The program is subject to approval of FDIC and New Jersey Department of Banking and Insurance.

The company will terminate the stock repurchase program as of the earlier of December 31, 2022, or the date it reaches either the aggregate stock repurchase limit of 5% of outstanding shares or the expenditure limit of $10.3 million.