SUSSEX BANCORP (NASDAQ:SBBX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02(b) – Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On January 21, 2018, Timothy Marvil informed the Board of Directors (the “Board”) of Sussex Bancorp (the “Company”) of his resignation from the Board and from the Board of Sussex Bank (the “Bank”), the Company’s wholly owned subsidiary. Mr. Marvil’s resignation from the Board is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Marvil has served as a director of the Company and the Bank since 2008.
About SUSSEX BANCORP (NASDAQ:SBBX)
Sussex Bancorp is a bank holding company for Sussex Bank (the Bank). The Company’s primary business is the ownership and supervision of the Bank. The Company has two business segments: banking and financial services, and insurance services. The Company, through the Bank, conducts a traditional commercial banking business, and offer services, including personal and business checking accounts and time deposits, money market accounts and savings accounts. The Company, through the Bank’s subsidiary, Tri-State, operates a full service general insurance agency, offering both commercial and personal lines of insurance. The Company’s service area primarily consists of Sussex, Morris and Bergen Counties in New Jersey, and Orange and Queens Counties, New York. The Company’s loan portfolio includes commercial and industrial consumer loans, construction loans, commercial real estate loans, residential real estate loans, and consumer and other loans.