Sussex Bancorp Announces Pricing of Common Stock Offering
SUSSEX BANCORP (SBBX)
Last sussex bancorp earnings: 4/29 04:30 pm
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US:NASDAQ Investor Relations:
sussexbank.com/about/corporate-profile
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Source: GlobeNewswire
ROCKAWAY, N.J., June 16, 2017 (GLOBE NEWSWIRE) -- Sussex Bancorp (Nasdaq:SBBX) (the “Company”), the holding company for Sussex Bank (the “Bank”), announced today the pricing of an underwritten public offering of 1,136,363 shares of the Company’s common stock at a public offering price of $24.00 per share for gross proceeds of approximately $27.3 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $25.4 million. The Company intends to use the net proceeds from this offering for general corporate purposes. The Company has granted the underwriters a 30-day option to purchase up to an additional 113,636 shares of its common stock. Keefe, Bruyette & Woods, A Stifel Company, is serving as the sole book-running manager for this offering, with Sandler O'Neill + Partners, L.P., Hovde Group LLC, Boenning & Scattergood, Inc., and FIG Partners, LLC serving as co-managers. The Company ex
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