Hogan Lovells US LLP Columbia Square 555 Thirteenth Street, NW Washington, DC 20004 T +1 202 637 5600 F +1 202 637 5910 www.hoganlovells.com |
June 20, 2013
VIA EDGAR AND COURIER
Mr. Mark S. Webb
Legal Branch Chief
United States Securities and Exchange Commission
Division of Corporate Finance
100 F Street, N.E.
Washington, D.C. 20549-7010
Re: | Sussex Bancorp |
Form S-1
Filed April 5, 2013, as amended June 3, 2013 and June 7, 2013
File No. 333-187759
Dear Mr. Webb:
On behalf of Sussex Bancorp (the “Company”), this letter responds to the Staff’s comment letter dated June 12, 2013 (the “Comment Letter”), with respect to its Registration Statement on Form S-1 (the “Registration Statement”).. For ease of reference, each of the Staff’s comments is set forth in italic type immediately before the corresponding response submitted on behalf of the Company, and the numbering below corresponds to the numbering in the Comment Letter.
Form S-1
Questions and Answers Relating to the Rights Offering, page 1
1. | Since you do not have a right to limit to no more than 4.9 %, it is confusing to refer to it. Similarly, it is confusing to use the term “ownership restrictions” generally when you are referring to your right to limit purchases in this offering. Please revise. |
The Company respectfully acknowledges the Staff’s comment and will revise the relevant disclosure in its next pre-effective amendment to the Registration Statement.
Exhibit 5.1 Legal Opinion
2. | Please revise the third paragraph to state that your opinion is based on not just New Jersey Business Corporation Act, as amended, but on all reported judicial decisions interpreting the Act. |
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Securities and Exchange Commission | - 2 - | June 20, 2013 |
The Company respectfully acknowledges the Staff’s comment and will revise the third paragraph of the Exhibit 5.1 opinion in its next pre-effective amendment to the Registration Statement to state that the opinion is based not just New Jersey Business Corporation Act, as amended, but on all reported judicial decisions interpreting the Act.
* * *
In connection with responding to the Staff’s comments, the Company hereby acknowledges that:
· | should the Commission or the Staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; |
· | the action of the Commission or the Staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and |
· | the Company may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
If the Staff should have any questions, or would like further information, concerning any of the responses above, please do not hesitate to contact the undersigned at (202) 637-5457 or Richard A. Schaberg at (202) 637-5671. We thank you in advance for your attention to the above.
Sincerely, |
/s/ Jaime L. Chase |
Jaime L. Chase |
cc: | Anthony Labozzetta, Sussex Bancorp |
Steven M. Fusco, Sussex Bancorp
Richard A Schaberg, Hogan Lovells US LLP