The Bank of Princeton (OTC-Pink: BPRN) announced today that it has commenced an underwritten public offering of approximately $40 million of shares of its common stock. All of the shares to be sold in the offering will be offered by The Bank of Princeton. In addition, The Bank of Princeton intends to grant the underwriters a 30-day over-allotment option to purchase an additional 15% of the shares sold in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

The Bank of Princeton intends to use the proceeds for general corporate purposes, including to support additional growth organically through growing its loan portfolio or through strategic acquisitions, financings, investments, and capital expenditures.

Sandler O'Neill + Partners, L.P. is acting as sole book-running manager for the proposed offering. Boenning & Scattergood, Inc. and FBR Capital Markets & Co., a B. Riley Financial Company, are acting as co-managers.

About The Bank of Princeton

The Bank of Princeton is a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial bank with ten branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe, Lambertville, Lawrenceville, and New Brunswick. There are also three branches in the Philadelphia, Pennsylvania area, operating as MoreBank, a division of The Bank of Princeton. The Bank of Princeton is a member of the Federal Deposit Insurance Corporation ("FDIC").