About Princeton Bancorp, Inc. and The Bank of Princeton
Princeton Bancorp, Inc. is the holding company for The Bank of Princeton, a community bank founded in 2007. The Bank is a New Jersey state-chartered commercial
bank with 22 branches in New Jersey, including three in Princeton and others in Bordentown, Browns Mills, Chesterfield, Cream Ridge, Deptford, Fort Lee, Hamilton, Kingston, Lakewood, Lambertville, Lawrenceville, Monroe, New Brunswick, Palisades
Park, Pennington, Piscataway, Princeton Junction, Quakerbridge and Sicklerville. There are also five branches in the Philadelphia, Pennsylvania area and two in the New York City metropolitan area. The Bank of Princeton is a member of the
Federal Deposit Insurance Corporation (FDIC).
Forward-Looking Statements
The Company may from time to time make written or oral forward-looking statements, including statements contained in the Companys filings
with the Securities and Exchange Commission, in its reports to stockholders and in other communications by the Company (including this press release), which are made in good faith by the Company pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking
statements involve risks and uncertainties, such as statements of the Companys plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Companys
control). The most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the ongoing impact of higher inflation levels, higher interest rates and general economic
and recessionary concerns, all of which could impact economic growth and could cause a reduction in financial transactions and business activities, including decreased deposits and reduced loan originations, our ability to manage liquidity in a
rapidly changing and unpredictable market, supply chain disruptions, labor shortages and additional interest rate increases by the Federal Reserve. Other factors that could cause actual results to differ materially from those indicated by
forward-looking statements include, but are not limited to, the following factors: the global impact of the military conflicts in the Ukraine and the Middle East; the impact of any future pandemics or other natural disasters; civil unrest, rioting,
acts or threats of terrorism, or actions taken by the local, state and Federal governments in response to such events, which could impact business and economic conditions in our market area; the strength of the United States economy in general and
the strength of the local economies in which the Company and Bank conduct operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve
System; market and monetary fluctuations; market volatility; the value of the Banks products and services as perceived by actual and prospective customers, including the features, pricing and quality compared to competitors products and
services; the willingness of customers to substitute competitors products and services for the Banks products and services; credit risk associated with the Banks lending activities; risks relating to the real estate market and the
Banks real estate collateral; the impact of changes in applicable laws and regulations and requirements arising out of our supervision by banking regulators; other regulatory requirements applicable to the Company and the Bank; and the timing
and nature of the regulatory response to any applications filed by the Company and the Bank; technological changes; acquisitions including the Companys acquisition of Noah; difficulties and delays in integrating the businesses of Noah and TBOP
or fully realizing cost savings and other benefits; changes in consumer spending and saving habits; those risks under the heading Risk Factors set forth in the Banks Annual Report on Form
10-K for the year ended December 31, 2022, and in Part II, Item 1A of our quarterly report on Form 10-Q for the quarter-ended March 31, 2023, and the success
of the Company at managing the risks involved in the foregoing.
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