Sussex Bancorp Closes 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 21, 2017 (GLOBE NEWSWIRE) -- Sussex Bancorp (Nasdaq:SBBX) (the “Company”), the holding company for Sussex Bank (the “Bank”), announced today the closing of its underwritten public offering of 1,136,363 shares of the Company’s common stock at a public offering price of $24.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 113,636 shares of its common stock, which was exercised in full by the Underwriters on June 16, 2017. The net proceeds to the Company (including the proceeds from the exercise of the Underwriters’ option) after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $28.0 million. Keefe, Bruyette & Woods, A Stifel Company, served as the sole book-running manager for this offering, and Sandler O'Neill + Partners, L.P., Hovde Group LLC, Boenning & Scattergood, Inc., and FIG Partners, LLC served as co-managers. This press release shall
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