Welcome to our dedicated page for CORNERSTONE FINCL CRP news (Ticker: CFIC), a resource for investors and traders seeking the latest updates and insights on CORNERSTONE FINCL CRP stock.
Cornerstone Financial Corporation (CFIC) provides essential updates for stakeholders following its $17.9 million merger agreement with Princeton Bancorp. This hub aggregates official announcements, financial disclosures, and strategic developments from the New Jersey-based bank holding company.
Investors and analysts will find timely information on merger progress, quarterly performance metrics, and leadership updates. Content includes verified details on regulatory approvals, asset management strategies, and branch network operations across six New Jersey locations.
All materials are sourced from corporate communications and filings to ensure accuracy. Bookmark this page for direct access to CFIC's evolving position in regional banking, including updates on combined entity formation post-merger.
Cornerstone Financial Corporation (OTCPK:CFIC) successfully completed a private placement of $13.7 million in common stock, issuing 1,374,000 shares at $10.00 per share, primarily to institutional investors. The funds will be utilized for general corporate purposes, focusing on organic growth and debt reduction. CEO Eugene D’Orazio highlighted the enhancement of shareholder value and liquidity by attracting institutional investors. Janney Montgomery Scott, LLC acted as the sole placement agent, with legal counsel from Windels Marx Lane & Mittendorf, LLP.
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