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) October 9, 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 issued a press release announcing third quarter
earnings. The details announced in the press release are incorporated by
reference as if set forth at length herein.
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 third quarter earnings.
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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
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(Registrant)
Dated: October 9, 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 third quarter earnings 5
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EXHIBIT 99
Press Release
Franklin, NJ, October, 9, 1998 -Sussex Bancorp (AMEX: SBB) reported consolidated
third quarter 1998 net income of $178 thousand compared with net income of $173
thousand during the same period last year.
For the nine months ending September 30, 1998, net income was $519 thousand
compared to $457 thousand reported for the same period last year, representing a
13.6% increase. Earnings per share, after adjusting for the dilution of
effective stock options, was $.36 for the nine months ended September 30, 1998
compared to $.32 for the period ended September 30, 1997.
Total assets as of September 30, 1998 increased to $129.7 million from total
assets of $114.3 million as of December 31, 1997. Total loans as of September
30, 1998 increased to $69.1 million from total loans of $68.0 million as of
December 31, 1997. Total deposits as of September 30, 1998 increased to $119.7
million from $104.9 million as of December 31, 1997.
Sussex Bancorp, through its subsidiary, Sussex County State Bank, operates seven
branches in Franklin, Vernon, Sparta, Montague, Wantage, Newton, and Andover in
northwestern New Jersey.
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