The Bank of Princeton
In November of 2005, The Bank of Princeton was just an idea, an idea shared at a meeting between Stephen Distler and Ross Wishnick. Mr. Distler came to this meeting following a successful career in New York at the investment banking firm of Warburg Pincus. Mr. Wishnick came to this same meeting following a career in real estate development and as a founding director of nearby First Washington State Bank which was founded in 1989.
Since that time, the initial incorporators (the initial investors) were identified and they provided the seed capital that became the basis for the creation of the bank. Subsequently and methodically the management team was identified and hired.
The investor group has grown from the initial 20 incorporators to over 380 shareholders. The $30 million of capital raised far exceeded the $6 million minimum threshold required by the New Jersey Department of Banking. This fundraising success is strong testimony to the considerable support the bank has in the local community.
Today, The Bank of Princeton team has grown from its beginnings with a team of 12 to over 50 employees today led by Chairman Andrew M. Chon.
9am-5pm, Monday-Friday. 9am until Noon on Sat.
21 Chambers Street, Princeton, NJ 08542 609-651-4338 www.thebankofprinceton.com