History

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 in1989.

Since that time, the initial incorporators, the initial investors were identified and 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. 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 strong support the bank has in the Princeton community.

Today, The Bank of Princeton team has grown from when the bank started with 12 team members to now a team of 35 that is led by the President Martin Melilli, the Chief Financial Officer Lewis Foulke, the Director of Retail Banking Lauren Dezzi, the Director of Operations Rebecca Dittrich, and Senior Lending Officer Herbert Schneider.