Carnegie Bancorp and Cherry Hill-based Regent Bancshares have amended their August 1995 merger agreement.

Under the amended agreement, Regent must transfer its car insurance premium financing loans to a liquidating trust when the merger closes.

That's now expected to be in April, the banks said. They plan to seek regulatory and shareholder approval during the first quarter of 1997.

Regent common and preferred stock would be exchanged for Carnegie stock on a ratio to be determined at the end of the month prior to the closing.

The deal would make Carnegie the ninth-largest bank based in New Jersey.

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