Sussex Bancorp. Extends and Increases Stock Buy Back Program
28 Abril 2005 - 3:00PM
PR Newswire (US)
Sussex Bancorp. Extends and Increases Stock Buy Back Program
FRANKLIN, N.J., April 28 /PRNewswire-FirstCall/ -- Sussex Bancorp.
(Amex: "SBB") announced today that its Board of Directors has
expanded the Company's existing stock buy back program to permit
the Company to repurchase up to an aggregate of 100,000 shares of
its outstanding common stock, in either open market transactions or
in privately negotiated transactions. The Company's existing buy
back program permitted the Company to repurchase up to 50,000
shares, and the Company had repurchased approximately 32,000 shares
under this program. Donald Kovach, Chairman and Chief Executive
Officer of the Company, stated: "We believe the proper use of a
stock buy back program, when combined with our history of
consistent cash dividends and stock dividends, shows our continued
commitment to shareholder value." Sussex Bancorp is the holding
company for Sussex Bank, which operates through its main office in
Franklin, New Jersey and branch offices in Andover, Augusta,
Newton, Montague, Sparta, Vernon and Wantage, New Jersey, and for
the Tri-State Insurance Agency, Inc., a full service insurance
agency located in Sussex County, New Jersey. DATASOURCE: Sussex
Bancorp CONTACT: Candace A. Leatham, CFO, Sussex Bancorp
+1-973-827-2914, x161 Web site: http://www.sussexbank.com/
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