Acquisition of Cornerstone Bank


Cornerstone Bank is becoming The Bank of Princeton

On January 18, 2024, The Bank of Princeton entered into an agreement to acquire Cornerstone Bank with branches located throughout southern New Jersey.

The proposed acquisition of Cornerstone Bank requires regulatory approval, which The Bank of Princeton expects to receive by mid-July.  It is anticipated that as of Monday, August 26, 2024, Cornerstone Bank will begin operating as The Bank of Princeton. 

In the coming weeks, Cornerstone Bank customers will receive additional information detailing the conversion process from Cornerstone Bank to The Bank of Princeton as it relates to their specific account relationship.  The information will be delivered to the address we have on record.*

*To ensure you receive your new account information, please make sure your address is up to date with your local Cornerstone Branch. 

 

Important Dates & Additional Information for Cornerstone Customers 

Cornerstone Bank will be closing at 1:00pm on Friday, August 23, 2024 and will re-open as The Bank of Princeton at 12:00pm on Monday, August 26, 2024.

Effective Tuesday, August 27, 2024


Burlington
Monday - Friday     9:00 am - 5:00 pm
Saturday       9:00 am - 12:00 pm
Cherry Hill
Monday - Friday     9:00 am - 5:00 pm
Medford
Monday - Friday     9:00 am - 5:00 pm
Saturday       9:00 am - 12:00 pm
Moorestown
Monday - Friday     9:00 am - 5:00 pm
Saturday       9:00 am - 12:00 pm
Voorhees
Monday - Friday     9:00 am - 5:00 pm
Woodbury
Monday - Friday     9:00 am - 5:00 pm

*Please note The Bank of Princeton will open for business at 12:00pm, Monday, August 26, 2024

Deposit Accounts: You will receive an account specific letter for each of your deposit accounts, along with agreements and disclosures concerning policies and fees associated with that account thirty (30) days prior to the effective date. Your account number will remain the same. You will be provided with a new ABA/Routing number for your account. If you have direct debits made to your checking account for bill payments, you will need to provide your new ABA/Routing number to the merchants promptly to avoid missing any payments scheduled after Monday, August 26, 2024. 

Loan Accounts:  You will receive an account specific letter for each loan account, along with any required disclosures and information on how to make loan payments thirty (30) days prior to the effective date. Your loan account number and ABA/Routing number will be changing. 


The ABA/Routing number for The Bank of Princeton is 031207940.

If you require checks for your checking account, a new set of checks with the new ABA/Routing number will need to be ordered through The Bank of Princeton. The first set of checks will be complimentary. You may begin to use the new checks as soon as Monday, August 26, 2024.

The Bank of Princeton will only honor checks drawn from your Cornerstone Bank account(s) for ninety (90) days after the effective date.

The Overdraft Protection Program is a service added to your checking account to cover unintentional overdrafts to a set limit, subject to eligibility criteria. Complete information on the Overdraft Protection Program and its disclosures will be sent in a separate mailing to all eligible accounts.

A new Debit Card issued by The Bank of Princeton will be mailed to you in an unmarked plain white envelope seven (7) to ten (10) days prior to the effective date of Monday, August 26, 2024*  



The Bank of Princeton is part of the Allpoint Network, which gives you access to 55,000 free ATM’s nationally.
 
 
 
*If you have any automatic payments scheduled on your debit card, please provide your new card number promptly to the merchants to avoid missing a payment scheduled after Monday, August 26, 2024.
You can enroll for Online Banking through The Bank of Princeton beginning 9:00am Monday, August 26, 2024.
 

Once enrolled in Online Banking, you will have access to our Mobile Banking app.

Search The Bank of Princeton in the App store or Google Play or click the button below to download: 

  
Your Safe Deposit Box and key will remain the same. The Safe Deposit Box Fee Schedule will be mailed to you. If there is a change in your fee, it will be in effect at the time of your renewal.


Welcome to The Bank of Princeton!

We look forward to meeting you and providing exceptional customer service as we transition together. Should you have any additional questions at all, please call us at 1-609-921-1700.

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