Sussex Bancorp Closes Offering; Raises $15.2 Million
22 12월 2004 - 2:30AM
PR Newswire (US)
Sussex Bancorp Closes Offering; Raises $15.2 Million FRANKLIN,
N.J., Dec. 21 /PRNewswire-FirstCall/ -- Sussex Bancorp (AMEX:SBB)
announced today that it had closed its offering of common stock.
The offering, priced at $14.25 per share, raised $15.2 million in
net proceeds, after underwriting discounts and offering expenses.
The offering was underwritten by Keefe, Bruyette & Woods, Inc.
Mr. Donald L. Kovach, Sussex's Chairman and Chief Executive
Officer, stated: "We are pleased with the confidence the market has
shown in our stock, and we welcome our new shareholders. This new
capital will support our continued growth and allow us to take
advantage of business opportunities as they arise." Sussex Bancorp
is the holding company for Sussex Bank, a Franklin, New Jersey
based commercial bank operating through eight offices in Sussex
County, New Jersey, and Tri-State Insurance Agency, Inc., a full
service insurance agency located in Augusta, New Jersey.
DATASOURCE: Sussex Bancorp CONTACT: Candace Leatham, Sussex
Bancorp, +1-973-827-2914, ext. 161 Web site:
http://www.sussexbank.com/
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