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Live Updating

56Chevy

04/18/14 5:53 PM

Post #3

Re: #1: @56Chevy - Sussex Bancorp Successfully Completes Rights Offering

Over-subscription privilege requests were three times greater than what was available to issue. Further, since the offering was fully subscribed, the Company did not utilize the standby commitments from the standby purchasers to purchase up to 404,161 shares of common stock.

Another successful rights offering wherein a backstop or standby investor was in the mix.

It's been 9 months since the capital raise. Assets, loans and profits are all UP significantly... while NPA's have been worked down 35%.

No TARP

BV is $9.14

MV is $8.56

This is a very healthy New Jersey bank.

http://banktracker.investigativereportingworkshop.org/banks/new-jersey/franklin/sussexbank/

Marker:
Sussex Bancorp (SBBX)
$8.56 down -0.11 (-1.27%)
Volume: 250

56Chevy

03/25/14 12:24 AM

Post #2

Re: #1: @56Chevy - Sussex Bancorp Successfully Completes Rights Offering

From: Wednesday, 09/04/13 09:19:55 PM

Sussex Bancorp (SBBX)
$ 6.69 down-0.01 (-0.15%)
Volume: 1,400

On March 24, 2014

Sussex Bancorp (SBBX)
$8.85 down -0.13 (-1.45%)
Volume: 2,074

In 6 months SBBX is up 24%

56Chevy

09/04/13 9:19 PM

Post #1

Sussex Bancorp Successfully Completes Rights Offering

Company Release - 08/06/2013 17:00

FRANKLIN, N.J., Aug. 6, 2013 (GLOBE NEWSWIRE) -- Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank"), announced today the completion of its rights offering on August 5, 2013. The rights offering, which expired at 5:00 p.m. Eastern time on July 29, 2013, was fully subscribed and resulted in gross proceeds totaling approximately $7.2 million before expenses. In total, including standby commitments of approximately $2.4 million from standby purchasers, the Company had total commitments of approximately $16.6 million to purchase the Company's stock. Over-subscription privilege requests were three times greater than what was available to issue.

"We are very pleased with the overwhelming confidence and support from our shareholders, which resulted in a successful, over-subscribed rights offering. The over-subscription demand validates the progress we have made over the last three years and to an extent substantiates the strategic direction of our Company," said Anthony Labozzetta, President and Chief Executive Officer of the Company and the Bank. "We are accomplishing a great turnaround at Sussex Bank as we continue to simultaneously reduce our legacy problem assets and execute our growth strategy," added Edward Leppert, Chairman of the Board of the Company and the Bank.

Shareholders exercised basic subscription rights and over-subscription privileges to purchase 1,198,300 shares of its common stock at a subscription price of $6.00 per share. As a result, the total number of shares of the Company's common stock outstanding is now 4,629,113, and, as of June 30, 2013, the Company's proforma tangible book value per share, inclusive of the additional shares and capital from the rights offering, was approximately $9.14. All excess subscription payments will be returned, without interest or penalty, as soon as practicable. Further, since the offering was fully subscribed, the Company did not utilize the standby commitments from the standby purchasers to purchase up to 404,161 shares of common stock.

[....[

http://www.snl.com/irweblinkx/file.aspx?IID=4015338&FID=18779370

Closing bell today:

Sussex Bancorp (SBBX)
$ 6.69 down-0.01 (-0.15%)
Volume: 1,400

Sussex Bancorp (SBBX)

Followers	0	Posters	1
Posts (Today)	0	Posts (Total)	3
Created	09/04/13	Type	Free
Moderators

Corporate Profile

Sussex Bancorp is the holding company for Sussex Bank, which operates through its main office in Franklin, NJ. At Sussex Bank, we are a diversified financial services corporation along with our subsidiary, Tri-State Insurance Agency, Inc. In addition to our Franklin office, the Bank operates branch offices in Andover, Augusta, Newton, Montague, Sparta, Vernon and Wantage, NJ, and has branch offices in Port Jervis and Warwick, NY.
Furthermore, we are an active community lender providing commercial loans and lines of credit to businesses throughout the northern region and in Bergen County, with our Loan Production Office located at 201 West Passaic Street, Suite 406, Rochelle Park, NJ.

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Financial Highlights from company website:

http://www.snl.com/irweblinkx/finl.aspx?iid=4015338

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