Bridge Bancorp (BDGE) Enters 1.38M Registered Direct Offering at $17.50/Share

Bridge Bancorp, Inc. (Nasdaq: BDGE), the parent company of The Bridgehampton National Bank, announced today that it has entered into definitive purchase agreements to sell directly to institutional and other private investors a total of 1.377 million shares of its common stock, $.01 par value per share (the "Common Stock"), at a price of $17.50 per share. The Company expects to receive net proceeds of approximately $23 million after deducting placement agent fees and other offering expenses. The closing of the offering is expected to occur on or about December 20, 2011.

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