Sussex Bancorp (SBBX)

[56Chevy]

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