CORRESP 1 filename1.htm

 

Hogan Lovells US LLP

Columbia Square

555 Thirteenth Street, NW

Washington, DC 20004

T +1 202 637 5600

F +1 202 637 5910

www.hoganlovells.com

 

 

 

 

June 20, 2013

 

VIA EDGAR AND COURIER

 

Mr. Mark S. Webb

Legal Branch Chief

United States Securities and Exchange Commission

Division of Corporate Finance

100 F Street, N.E.

Washington, D.C. 20549-7010

 

Re:Sussex Bancorp

Form S-1

Filed April 5, 2013, as amended June 3, 2013 and June 7, 2013

File No. 333-187759

 

Dear Mr. Webb:

 

On behalf of Sussex Bancorp (the “Company”), this letter responds to the Staff’s comment letter dated June 12, 2013 (the “Comment Letter”), with respect to its Registration Statement on Form S-1 (the “Registration Statement”).. For ease of reference, each of the Staff’s comments is set forth in italic type immediately before the corresponding response submitted on behalf of the Company, and the numbering below corresponds to the numbering in the Comment Letter.

 

Form S-1

 

Questions and Answers Relating to the Rights Offering, page 1

 

1.Since you do not have a right to limit to no more than 4.9 %, it is confusing to refer to it. Similarly, it is confusing to use the term “ownership restrictions” generally when you are referring to your right to limit purchases in this offering. Please revise.

 

The Company respectfully acknowledges the Staff’s comment and will revise the relevant disclosure in its next pre-effective amendment to the Registration Statement.

 

Exhibit 5.1 Legal Opinion

 

2.Please revise the third paragraph to state that your opinion is based on not just New Jersey Business Corporation Act, as amended, but on all reported judicial decisions interpreting the Act.

 

 

 

 

Hogan Lovells US LLP is a limited liability partnership registered in the District of Columbia. “Hogan Lovells” is an international legal practice that includes Hogan Lovells US LLP and Hogan Lovells International LLP, with offices in: Abu Dhabi Alicante Amsterdam Baltimore Beijing Berlin Brussels Caracas Colorado Springs Denver Dubai Dusseldorf Frankfurt Hamburg Hanoi Ho Chi Minh City Hong Kong Houston London Los Angeles Madrid Miami Milan Moscow Munich New York Northern Virginia Paris Philadelphia Prague Rome San Francisco Shanghai Silicon Valley Singapore Tokyo Ulaanbaatar Warsaw Washington DC Associated offices: Budapest Jakarta Jeddah Riyadh Zagreb. For more information see www.hoganlovells.com

 

 
 

Securities and Exchange Commission 

- 2 - June 20, 2013

 

 

The Company respectfully acknowledges the Staff’s comment and will revise the third paragraph of the Exhibit 5.1 opinion in its next pre-effective amendment to the Registration Statement to state that the opinion is based not just New Jersey Business Corporation Act, as amended, but on all reported judicial decisions interpreting the Act.

 

* * *

 

In connection with responding to the Staff’s comments, the Company hereby acknowledges that:

 

·should the Commission or the Staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing;

 

·the action of the Commission or the Staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and

 

·the Company may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 

If the Staff should have any questions, or would like further information, concerning any of the responses above, please do not hesitate to contact the undersigned at (202) 637-5457 or Richard A. Schaberg at (202) 637-5671. We thank you in advance for your attention to the above.

 

Sincerely,

 

/s/ Jaime L. Chase

 

    Jaime L. Chase

 

 

 

 

cc:Anthony Labozzetta, Sussex Bancorp

Steven M. Fusco, Sussex Bancorp

Richard A Schaberg, Hogan Lovells US LLP