trending Market Intelligence /marketintelligence/en/news-insights/trending/1V1iqG9TAQwUlUFUFkLSAg2 content esgSubNav
In This List

Sussex Bancorp files mixed shelf

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Sussex Bancorp files mixed shelf

Sussex Bancorp, the parent of Sussex Bank, on May 31 filed a shelf registration statement for the sale of up to $75 million in securities that it may offer from time to time.

The filing covers the sale of common stock, preferred stock, depositary shares, debt securities, purchase contracts, units and warrants.

The Rockaway, N.J.-based company expects to use the net proceeds for general corporate purposes, including refinancing, reducing or repaying debt; redeeming outstanding securities; funding investments in, or extending credit to, its banking subsidiary and other subsidiaries as regulatory capital; financing possible acquisitions; expanding business; investing at the holding company level; and for working capital.