SUSSEX BANCORP (NASDAQ:SBBX) Files An 8-K Other Events
Item8.01.
| Other Events. |
On June16, 2017, Sussex Bancorp (the Company) entered into an
underwriting agreement (the Underwriting Agreement) with Keefe,
Bruyette Woods, Inc., as representative of the several
underwriters named therein (the Underwriters), in connection with
the public offering (the Offering) of 1,136,363 shares, of the
Companys common stock, no par value per share (the Common Stock).
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 June16, 2017.
The closing of the Offering occurred on June21, 2017. The Company
intends to use the net proceeds from the Offering for general
corporate purposes. A copy of the Underwriting Agreement is filed
as Exhibit 1.1 to this Current Report on Form 8-K and is
incorporated herein by reference. A copy of the press release
announcing the pricing of the Offering is filed as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated herein by
reference.
Item9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
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| 1.1 |
Underwriting Agreement, dated June 16, by and between Sussex Bancorp and Keefe, Bruyette Woods, Inc., as Representative of the several Underwriters |
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| 5.1 | Opinion of Hogan Lovells US LLP | |
| 23.1 |
Consent of Hogan Lovells US LLP (included in Exhibit 5.1 filed herewith) |
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| 99.1 | Press Release, dated June 16, 2017 | |
| 99.2 | Press Release, dated June 21, 2017 |
SUSSEX BANCORP ExhibitEX-1.1 2 d416104dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 1,…To view the full exhibit click here 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.
