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Bridge Bancorp Inc Completes Sale Of 1,926,250 Shares Of Common Stock

Tuesday, 8 Oct 2013 04:02pm EDT 

Bridge Bancorp Inc announced that it has completed its previously announced public offering of common stock. The Company sold 1,926,250 shares of common stock at a price of $20.75 per share, for gross proceeds of approximately $40.0 million, which include 251,250 shares sold pursuant to the option granted to the underwriters. The net proceeds of the offering, after deducting underwriting discounts and commissions and offering expenses, were approximately $37.5 million. The purpose of the offering was in part to provide additional capital to Bridge Bancorp to support its acquisition of FNBNY Bancorp, Inc. and for general corporate purposes. RBC Capital Markets, LLC acted as sole book-running manager and Sandler O'Neill + Partners, L.P. was co-manager for the offering. 

Company Quote

0.32 +1.23%
4:00pm EDT