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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 5, 1997
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Carnegie Bancorp
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(Exact name of registrant as specified in its charter)
New Jersey 0-2456 22-3257100
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
619 Alexander Road, Princeton, New Jersey 08540
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (609) 520-0601
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Item 5. Other Events.
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On Thursday, June 5, 1997, the Registrant issued a press release
announcing that it retained the investment banking firms of Janney Montgomery
Scott Inc. and First Colonial Securities Group, Inc. to provide certain advisory
services in connection with the exercise of the Registrant's outstanding common
stock purchase warrants.
Item 7. Exhibits.
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The following exhibit is filed with this Current Report on Form 8-K.
Exhibit No. Description
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99 Press Release date June 5, 1997
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Carnegie Bancorp has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CARNEGIE BANCORP
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(Registrant)
Dated: June 6, 1997 By: /s/ RICHARD ROSA
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Richard Rosa,
Chief Financial Officer
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EXHIBIT INDEX
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CURRENT REPORT ON FORM 8-K
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Exhibit No. Description
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99 Press Release dated June 5, 1997
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Exhibit 99
FOR IMMEDIATE RELEASE
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CARNEGIE TO RETAIN
WARRANT CONVERSION AGENTS
PRINCETON, NEW JERSEY -- JUNE 5, 1997. Carnegie Bancorp announced today that it
retained the investment banking firm of Janney Montgomery Scott, Inc. and First
Colonial Securities Group, Inc. to provide certain advisory and investment
banking services in connection with the exercise of the Company's outstanding
common stock purchase warrants. The warrants, which expire on August 18, 1997,
permit each warrant holder to exercise each warrant at an exercise price of
$15.09, enabling a holder to purchase 1.157 shares of the Company's common stock
(an effective per share price of $13.04).
Pursuant to the terms of the engagement, Janney Montgomery Scott and First
Colonial Securities Group will assist the Company in maximizing the number of
warrants which will be exercised by direct solicitation of warrant holders, and
by providing warrant holders with assistance in the exercise process. In
addition, once Janney Montgomery Scott and First Colonial Securities Group began
their conversion agent activities, they will, from time to time, purchase
warrants that become available on the open market, exercise the warrants and
then resell the common stock purchased. Purchase of the warrants, which trade on
the Nasdaq National Market, will be made at prevailing market prices.
Carnegie Bank, N.A. is the single subsidiary of Carnegie Bancorp. The bank
serves small businesses, professionals and high net worth individuals through
its branch offices located in Princeton, Hamilton, Marlton, Denville, Toms
River, Montgomery Township and Flemington, New Jersey and Langhorn,
Pennsylvania. The Company's stock is listed on the Nasdaq National Market
System. Its trading symbol for common stock is CBNJ and CBNJW for warrants.
FOR FURTHER INFORMATION, PLEASE CONTACT: Thomas L. Gray, Jr.
President
(609) 243-7500
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