SUFFOLK BANCORP (NYSE:SCNB) Files An 8-K Results of Operations and Financial ConditionITEM 2.02 – RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 7, 2017, the Company announced its earnings for the period ended December 31, 2016.
The press release issued by the Company on February 7, 2017 announcing the foregoing event is furnished herewith as Exhibit 99.1.
This information is being “furnished” in accordance with General Instruction B.2. of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS
The following Exhibit is furnished as part of this report:
Exhibit 99.1 Press release issued by the Company on February 7, 2017
About SUFFOLK BANCORP (NYSE:SCNB)
Suffolk Bancorp is the bank holding company for Suffolk County National Bank of Riverhead (the Bank). The Bank is a community bank, which offers commercial and retail banking services to its customers. The Bank operates over 30 branches in Nassau, Suffolk and Queens Counties, New York and loan production offices in Garden City, Melville and Long Island City. It makes commercial real estate floating and fixed rate loans, multifamily and mixed use commercial loans primarily in the boroughs of New York City, commercial and industrial loans to manufacturers, wholesalers, distributors, developers/contractors and retailers and agricultural loans. It also makes loans secured by residential mortgages, and both floating and fixed rate second mortgage loans with a range of plans for repayment. The Bank finances its activities through a combination of deposits, including demand, saving, negotiable order of withdrawal and money market deposits, as well as time deposits and short-term borrowings. SUFFOLK BANCORP (NYSE:SCNB) Recent Trading Information
SUFFOLK BANCORP (NYSE:SCNB) closed its last trading session 00.00 at 41.57 with 293,601 shares trading hands.