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Basswood Capital increases stake in Bridge Bancorp

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Basswood Capital increases stake in Bridge Bancorp

Basswood Capital Management LLC increased its stake in Bridgehampton, N.Y.-based Bridge Bancorp Inc. to 9.56%, representing beneficial ownership of 1,891,302 common shares, from 8.42%, or 1,659,492 shares, reported previously.

The 9.56% figure is based on Bridge Bancorp's 19,785,248 outstanding common shares as of July 31, according to an amended Schedule 13D.

Entities in the investor group bought shares in the company between Aug. 10 and Sept. 7 at per-share prices ranging from $34.98 to $35.52.