-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CeBJ+vSeFMOalqzIkbujqb5/afZIaH3TmPyD+b8kda7WgmCgsEP2yhJ1XBMXOXI+ EbAu4gnfU0XcKF69KR8R4w== 0000914317-07-001828.txt : 20070703 0000914317-07-001828.hdr.sgml : 20070703 20070703112914 ACCESSION NUMBER: 0000914317-07-001828 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070628 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20070703 DATE AS OF CHANGE: 20070703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUSSEX BANCORP CENTRAL INDEX KEY: 0001028954 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 223475473 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12569 FILM NUMBER: 07958409 BUSINESS ADDRESS: STREET 1: 399 RTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 BUSINESS PHONE: 9738272914 MAIL ADDRESS: STREET 1: 399 RTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 8-K 1 form8k-85407_sussex.htm FORM 8-K form8k-85407_sussex.htm



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 28, 2007

SUSSEX BANCORP
(Exact name of registrant as specified in its charter)

New Jersey
0-29030
22-3475473
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
     
     
200 Munsonhurst Road
    
Franklin, New Jersey
  
07416
(Address of principal executive offices)
  
(Zip Code)
     


Registrant's telephone number, including area code  (973) 827-2914







 
 
 


Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 28, 2007, the Registrant, through its subsidiary Sussex Capital Trust II, issued $12.5 million in trust preferred securities on a privately placed basis at a floating rate equal to three-month LIBOR plus 144 basis points.  The initial interest rate is 6.80% and is reset quarterly.  The Registrant issued a comparable amount of junior subordinated debentures to its subsidiary, and guaranteed the obligations of the subsidiary.  The trust preferred securities and debentures mature on September 15, 2037 and are callable any time after September 15, 2012 or upon a change in the tax or regulatory capital treatment of the securities.


 
-2-
 

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: July 3, 2007
By:   
/s/    Candace A. Leatham
  
   
CANDACE A. LEATHAM
  
   
Executive Vice President and
  
   
Chief Financial Officer
  


-3-
 
 -----END PRIVACY-ENHANCED MESSAGE-----