Bridge Bancorp Inc. in Bridgehampton, N.Y., said late Monday that it will raise up to $10 million by selling common stock.
The $1.3 billion-asset company said it would use the money for a variety of purposes that could include capital contributions to its Bridgehampton National Bank. At Sept. 30, the company's Tier 1 capital ratio was 17.6%.
Sales would take place through at-the-market offerings, including sales made directly on the Nasdaq, through a market maker, or privately negotiated transactions. Sandler O'Neill & Partners LP will oversee the sales.
