BRIDGE BANCORP, INC. (NASDAQ:BDGE) Files An 8-K Other Events
Item 8.01.
| Other Events. |
On December 15, 2016, Bridge Bancorp, Inc. (the Company) notified
holders of the 8.50% Cumulative Convertible Trust Preferred
Securities, liquidation amount $1,000 per preferred security,
issued by Bridge Statutory Capital Trust II (the TPS), a
subsidiary of the Company, of the full redemption of the TPS on
January 18, 2017. The redemption price will equal the liquidation
amount, plus accrued but unpaid interest. Each share of TPS is
convertible into 34.4828 shares of Company Common Stock,
representing a conversion price of $29.00 per share of Common
Stock. TPS not converted into shares of Common Stock on or prior
to January 17, 2017 will be redeemed as of January 18, 2017. As
of December 15, 2016, the Company had $15.8 million in aggregate
liquidation amount of the TPS outstanding, which were issued in
2009.
| Item 9.01 | Financial Statements and Exhibits |
(a)Financial Statements of Businesses Acquired.Not applicable.
(b)Pro Forma Financial Information.Not applicable.
(c)Shell Company Transactions.Not applicable.
(d)Exhibits. None.
About BRIDGE BANCORP, INC. (NASDAQ:BDGE)
Bridge Bancorp, Inc. is a bank holding company for The Bridgehampton National Bank (the Bank). The Bank engages in commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities surrounding its branch offices. These deposits, together with funds generated from operations and borrowings, are invested primarily in commercial real estate loans; multi-family mortgage loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations, and the United States government sponsored entity (U.S. GSE) securities. BRIDGE BANCORP, INC. (NASDAQ:BDGE) Recent Trading Information
BRIDGE BANCORP, INC. (NASDAQ:BDGE) closed its last trading session up +0.35 at 38.20 with 117,595 shares trading hands.