Bridge Bancorp, Inc. Announces Commencement Of Common Stock Offering

BRIDGEHAMPTON, N.Y., Nov. 21, 2016 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (Nasdaq:BDGE), the parent company of The Bridgehampton National Bank, today announced it has commenced an underwritten public offering of approximately $50.0 million of its common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares sold in the offering.

Sandler O'Neill + Partners, L.P. and Keefe, Bruyette & Woods, A Stifel Company, will serve as joint book-running managers for the offering. The shares will be issued pursuant to a prospectus supplement and prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC") on Form S-3 (File No. 333-210245).

The Company expects to use the net proceeds of this offering to support organic growth, the pursuit of strategic acquisition opportunities and other general corporate purposes, including contributing capital to The Bridgehampton National Bank.

Additional Information Regarding the OfferingThis press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any securities of the Company, which is made only by means of a prospectus supplement and related base prospectus, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Company has filed a registration statement (including a prospectus and prospectus supplement) with the SEC for the offering to which this communication relates. Prospective investors, including current shareholders interested in participating in the offering, should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents that the Company has filed with the SEC for more complete information about the Company and the offering. Investors may obtain copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering without charge by visiting the SEC's website at www.sec.gov, or from Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, or by phone at 1-866-805-4128, or Keefe, Bruyette & Woods, A Stifel Company, 787 Seventh Avenue, 4 th Floor, New York, NY 10019, or by phone at 1-800-966-1559.

If you liked this article you might like

Insider Trading Alert - CHCO, OAK And BDGE Traded By Insiders

Astoria Financial, Atlantic Coast Latest Merger Targets for Pushy Activists

Bridge Bancorp Named Top Dividend Stock With Insider Buying And 3.49% Yield (BDGE)

Ex-Div Reminder For Bridge Bancorp (BDGE)

Bridge Bancorp Inc Stock Upgraded (BDGE)