Business & Tech

Delanco Federal Bank "Stable" After Going Public

The bank, with a branch in Cinnaminson, went public last year, the Burlington County Times reports.

A year after going public, the 125-year-old Delanco Federal Savings Bank is stable, the Burlington County Times reports.

The bank, which has a branch on Route 130 in Cinnaminson, raised $4.2 million by selling 525,423 shares of stock after shares started being sold on Oct. 18, according to the report.

The status of the bank will be discussed at the upcoming shareholders meeting on Aug. 28, according to the report.

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