BRIDGE BANCORP, INC. (NASDAQ:BDGE) Files An 8-K Regulation FD DisclosureItem 7.01
On November 15, 2017 the Company issued a press release announcing that the New York State Department of Financial Services has approved the application submitted by The Bridgehampton National Bank (the “Bank”) to convert from a national bank to a New York chartered commercial bank (the “Charter Conversion”). An application has also been filed and is pending with the Federal Reserve Bank of New York to remain a member bank of the Federal Reserve System following the Charter Conversion. All regulatory approvals are expected to be received and the Charter Conversion is expected to become effective in the fourth quarter of 2017. Upon effectiveness of the Charter Conversion, the Bank will operate under the name “BNB Bank.” The press release also discusses the recently announced branch rationalization to which certain branches are being closed or consolidated into existing locations.
|Item 9.01||Financial Statements and Exhibits.|
|.||Press Release datedNovember 15, 2017|
BRIDGE BANCORP INC ExhibitEX-99.1 2 tv479698_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE Contact: John M. McCaffery Executive Vice President Chief Financial Officer (631) 537-1001,…To view the full exhibit click
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.