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Bridge Bancorp, Inc. Message Board

  • tycoonted tycoonted Apr 17, 2013 7:53 PM Flag

    Investor Relations questions

    Since the Jackass in Investor Relations will not return my calls; Does anyone know if they still owe TARP money? How many mortgages are in default % wise? How many properties do they own due to foreclosure?

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    • If you go to the SEC website, you can retrieve the latest 10-K filing and it discusses in great details the bank's loan mix, how much of it is in default and foreclosure.

      Regarding TARP funds, did BDGE even receive TARP funds? I do not see it in the list of banks that received funds, and in the 10-K see no references to TARP - and surely if they had any TARP loans outstanding it would have needed to be disclosed there. Further, considering the bank has continued paying the 92 cent/share annual dividend continually/unabated over the past 8 years, leads me to believe they did not take any TARP funds - or the dividends would have had to be eliminated for some period.

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