The Office of the Comptroller of the Currency has approved the merger of Carnegie Bank with Regent National Bank, Philadelphia.

The new entity, which will operate under the name Carnegie Regent Bank, will be based in Princeton, but its main office will be in Langhorne, Pa. It will have about $500 million in assets.

The merger between the banks' parents, Carnegie Bancorp and Regent Bancshares, is still awaiting Federal Reserve Board and shareholder approval.

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