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Bridge Bancorp Announces Proposed Common Stock Offering

 

Oct 2 - Bridge Bancorp Inc. (Nasdaq: BDGE), the parent company of The Bridgehampton (N.Y.) National Bank, intends to commence an underwritten public offering of $25 million of its common stock. The purpose of the offering is in part to provide additional capital to Bridge Bancorp to support its acquisition of FNBNY Bancorp Inc. and for general corporate purposes.

Bridge Bancorp intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the number of shares sold in the offering.

RBC Capital Markets, LLC will act as the sole book-running manager for the offering and Sandler O'Neill + Partners, L.P. will serve as co-manager.

 


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