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Bank of Princeton buys five WSFS Bank branches in New Jersey

Christian Fernsby ▼ | May 18, 2019
The Bank of Princeton announced that it has successfully completed the previously announced acquisition of five WSFS Bank branches located in Bordentown, Browns Mills, Chesterfield, Deptford and Sicklerville, in New Jersey.
Bank of Princeton
Acquisition   The Bank of Princeton will be adding approximately $180 million in deposits
With the completion of the acquisition, the Bank of Princeton will be adding approximately $180 million in deposits and increase the number of branches to nineteen.

This acquisition expands the footprint of the Bank into Burlington, Gloucester and Camden Counties, in New Jersey.

Edward Dietzler, President and CEO stated, "We are very excited about the branch acquisition and view it as transformational for The Bank of Princeton, allowing for considerable opportunities to grow and improve shareholder value."


 

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