Carnegie Bancorp Prepares For Shareholder Vote on Proposed Merger.PRINCETON, N.J.--(BUSINESS WIRE)--July 1, 1998--Carnegie Bancorp announced that proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other were mailed today to its shareholders of record as of June 22, 1998. The proxy materials provide information regarding the proposed merger between Carnegie Bancorp and Sovereign Bancorp Inc. Carnegie shareholders will vote on the merger proposal at Carnegie's Annual Meeting of Shareholders on Thursday, July 30, 1998, 4:00 p.m., at the Carnegie Bank, N.A. headquarters located at 619 Alexander Road, Princeton, N.J. Carnegie Bank, N.A., a national bank headquartered in Princeton, N.J., is the single subsidiary of Carnegie Bancorp. Carnegie Bank, N.A. serves small businesses, professionals and high net worth individuals through its eight branches located in Princeton, Hamilton, Marlton, Denville, Toms River, Montgomery Township Montgomery Township may refer to:
The name "Langhorne" is also used broadly to include the surrounding townships encompassed by ZIP code 19047. . A definitive agreement was signed with Sovereign Bancorp of Wyomissing, Pennsylvania in December 1997 for Sovereign to acquire Carnegie. Carnegie Bancorp common stock is listed on the Nasdaq National Market System under the trading symbol Trading symbol See: Ticker symbol CBNJ CBNJ Community Bancorp of New Jersey .
CONTACT: Carnegie Bancorp
Thomas L. Gray, Jr., President, 609/243-7500
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