EX-99.1 2 ex99-1.txt EXHIBIT 99.1 Sussex Bancorp Candace Leatham 200 Munsonhurst Road, Rt. 517 Executive Vice President Franklin, NJ 07416 & Treasurer 973-827-2914 FOR IMMEDIATE RELEASE SUSSEX BANCORP CLOSES OFFERING RAISES $15.2 MILLION Franklin, New Jersey - Sussex Bancorp. (AMEX: "SBB") announced today that it had closed its offering of common stock. The offering, priced at $14.25 per share, raised $15.2 million in net proceeds, after underwriting discounts and offering expenses. The offering was underwritten by Keefe, Bruyette & Woods, Inc. Mr. Donald L. Kovach, Sussex's Chairman and Chief Executive Officer, stated: "We are pleased with the confidence the market has shown in our stock, and we welcome our new shareholders. This new capital will support our continued growth and allow us to take advantage of business opportunities as they arise." Sussex Bancorp is the holding company for Sussex Bank, a Franklin, New Jersey based commercial bank operating through eight offices in Sussex County, New Jersey, and Tri-State Insurance Agency, Inc, a full service insurance agency located in Augusta, New Jersey. -5-