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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 19, 1998
SUSSEX BANCORP
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(Exact name of registrant as specified in its charter)
New Jersey 0-29030 22-3475473
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
399 Route 23, Franklin, New Jersey 07416
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973) 827-2914
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Item 5. Other Events
The Registrant announced a $0.13 per share cash dividend and a two for
one stock split. The record date for both the dividend and the stock split will
be July 3, 1998, and both will be issued on August 3, 1998.
Item 7. Exhibits.
The following exhibit is filed with this Current Report on Form 8-K.
Exhibit No. Description
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99 Press Release announcing cash dividend and
stock split
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Sussex Bancorp has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SUSSEX BANCORP
(Registrant)
Dated: June 26, 1998 By: /s/ CANDACE A. LEATHAM
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CANDACE A. LEATHAM
Chief Financial Officer
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EXHIBIT INDEX
CURRENT REPORT ON FORM 8-K
Exhibit No. Description Page No.
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99 Press Release announcing cash dividend 5
and stock split
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EXHIBIT 99
Press Release
SUSSEX BANCORP ANNOUNCES CASH DIVIDEND,
TWO FOR ONE STOCK SPLIT
FRANKLIN, NEW JERSEY - Sussex Bancorp (AMEX:SBB) announced today that
its Board of Directors had declared a quarterly cash dividend of $0.13 per
share, payable on August 3, 1998 to shareholders of record as of July 3, 1998.
This dividend marks the 31st consecutive quarter in which the Company has paid a
cash dividend to its shareholders.
In addition, the Company announced that its Board of Directors had
declared a two for one stock split, payable after the cash dividend, pursuant to
which each existing share of Sussex Bancorp will be divided into two shares of
the Company. The shares will be issued on August 3, 1998 to shareholders of
record as of July 3, 1998.
Mr. Donald Kovach, President and Chief Executive Officer of the Company
stated "This cash dividend and stock split evidences the Board's continuing
efforts to provide value to our shareholders. The stock split, combined with the
Company's listing earlier this year on the American Stock Exchange, should
enhance the liquidity of the Company's stock, providing a better market for our
shareholders."
Sussex Bancorp is the holding company for the Sussex County State Bank,
a New Jersey chartered commercial bank operating through seven (7) branches in
Sussex County, New Jersey. As of March 31, 1998, the Company had total assets of
$122.2 million, total deposits of $112.8 million and total net loans of $67.9
million.
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