The Bank of Princeton Announces Stock Repurchase Program News provided by Share this article Share this article PRINCETON, N.J., March 9, 2021 /PRNewswire/ -- The Board of Directors of The Bank of Princeton (the "Bank") (NASDAQ: BPRN) today announced that it has adopted a stock repurchase program to commence on the later of April 1, 2021 or the date approval of such program is received from the New Jersey Department of Banking and Insurance. Under the stock repurchase program, management is authorized to repurchase up to 5% of the Bank's outstanding shares of common stock, with a total cost not to exceed $10.4 million. As of today, the Bank had 6,795,779 shares of common stock outstanding and five percent of such amount would be 339,788 shares. The stock repurchase program does not obligate the Bank to acquire any particular amount of common stock, and it may be limited, suspended or terminated at any time without prior notice. This program has been approved by the FDIC.