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Sussex Bancorp files mixed shelf


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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.