UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14A
Proxy Statement
Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the
Registrant
þ
Filed by a Party other than the Registrant
o
Check the appropriate
box:
|
o
|
|
Preliminary Proxy Statement
|
|
o
|
|
Confidential, for Use of the Commission Only (as permitted by
Rule 14a-
6(e)(2)
)
|
|
o
|
|
Definitive Proxy Statement
|
|
þ
|
|
Definitive Additional Materials
|
|
o
|
|
Soliciting Material Pursuant to §240.14a-12
|
Boardwalk Bancorp, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee
(Check the appropriate box):
|
þ
|
|
No fee required.
|
|
o
|
|
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.
|
|
|
(1)
|
|
Title of each class of securities to which transaction applies:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2)
|
|
Aggregate number of securities to which transaction applies:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3)
|
|
Per unit price or other underlying value of transaction computed pursuant to
Exchange Act
Rule 0-11 (set forth the amount on which the filing fee is calculated and
state how it was
determined):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4)
|
|
Proposed maximum aggregate value of transaction:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5)
|
|
Total fee paid:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
o
|
|
Fee paid previously with preliminary materials.
|
|
|
|
o
|
|
Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously.
Identify the
previous filing by registration statement number, or the Form or Schedule and
the date of its
filing.
|
|
|
(1)
|
|
Amount Previously Paid:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2)
|
|
Form, Schedule or Registration Statement No.:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3)
|
|
Filing Party:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4)
|
|
Date Filed:
|
|
|
|
|
|
|
|
|
|
|
|
|
BOARDWALK BANCORP, INC. ANNOUNCES CLOSE OF CAPE BANCORP SUBSCRIPTION
OFFERING AND EXTENSION OF CAPE BANCORP COMMUNITY OFFERING
LINWOOD, NEW JERSEY—December 26,
2007— Boardwalk Bancorp, Inc.
(NasdaqGM: BORD, “Boardwalk”), announced today that Cape Bancorp, Inc.
(“Cape”), the proposed holding company for Cape Savings Bank, has advised
Boardwalk that Cape has completed its subscription offering, and
extended its community offering until December 31, 2007.
Boardwalk also announced that Cape has advised it that Cape intends to commence
a syndicated community offering in early January 2008, and that Cape is
increasing the maximum purchase limitations to $2.5 million for individual
purchasers and $3.6 million for group or in concert purchasers.
Boardwalk will hold a
special meeting of shareholders on Friday, January 4,
2008, at 10:00 a.m., at the Wildwood Golf and Country Club, 1170 Golf Club
Road, Cape May Court House, New Jersey, to vote on a proposal to approve and
adopt an agreement and plan of reorganization under which Boardwalk would merge
with and into Cape Bancorp, and Boardwalk Bank would merge with and into Cape
Savings Bank. Boardwalk shareholders of record on November 6, 2007 are
eligible to vote at the Boardwalk special meeting.
Completion of the transaction
is subject to a number of conditions, including
approval by Boardwalk’s shareholders and Cape’s depositors and successful
completion the conversion of Cape Savings Bank from mutual to stock form and
Cape Bancorp’s initial public offering. Boardwalk and Cape presently expect
that the offering and the merger will be completed in late January 2008.
About Boardwalk Bancorp
Boardwalk Bancorp is the parent company of
Boardwalk Bank, a New Jersey state
chartered commercial bank, headquartered in Linwood, New Jersey. Boardwalk Bank
was organized in 1999 and subsequently formed Boardwalk Bancorp in 2006.
Boardwalk Bancorp provides banking services to small and mid-sized
businesses and professionals through its seven offices located in Cape May and
Atlantic counties, New Jersey. At September 30, 2007, Boardwalk Bancorp had
total assets of $445.3 million, total deposits of $311.2 million and
shareholders’ equity of $49.9 million. Additional information about Boardwalk
Bancorp is available on its website,
www.boardwalkbank.com
.
Forward Looking Statements
This news release contains certain forward
looking statements. Forward looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts. They often include words like “believe,” “expect,”
“anticipate,” “intend,” “plan,” “estimate” or words of similar meaning, or
future or conditional verbs such as “will,” “would,” “should,” “could” or
“may.” Forward looking statements, by their nature, are subject to risks and
uncertainties. A number of factors, including those identified in Boardwalk’s
Form 10-K for the year ended December 21, 2006, the proxy
statement-prospectus, dated November 13, 2007, distributed in
connection with the special meeting of shareholders to be held on
January 4, 2008, and Boardwalk’s other public filings, could
cause actual conditions, events or results to differ significantly from those
described in the forward looking statements. Forward looking statements speak
only as of the date they are made. Boardwalk Bancorp, Inc. and Boardwalk Bank
do not undertake to update forward-looking statements to reflect circumstances
or events that occur after the date the forward-looking statements are made or
to reflect the occurrence of unanticipated events.
CONTACT: Michael D. Devlin
Chairman of the Board, President and Chief Executive Officer
609-601-0600
Boardwalk Bancorp, Inc.
201 Shore Road
Linwood, New Jersey 08221