Sussex Bank honored

ROCKAWAY — Sussex Bancorp, the holding company for Sussex Bank has been recognized for the first time as one of the top 29 banks and thrifts nationwide and one of three from New Jersey that comprise the Sandler O’Neill Sm-All Stars Class of 2017.
“We are extremely proud to be included as one of the distinguished banks in the nation,” said Anthony Labozzetta, president and chief executive officer of Sussex Bank. “Receiving this recognition is a reflection of Sussex Bancorp’s cultural attributes. Our focus on the employee and customer experience, which we believe is the foundation of our success, continues to drive our stakeholder value.”
To earn this status, a company needs to have a market cap below $2.5 billion and clear numerous hurdles related to growth, profitability, credit quality and capital strength. Banks need to outperform in each of the four metrics and in addition need to report an NPA ratio below 1 percent at June 30, 2017, a NCO ratio over the last twelve months of less than 25 bps, and a TCE ratio above 7 percent at June 30, 2017.