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Merger of Suffolk County National Bank with People’s United is approved by federal regulators

Suffolk County National Bank's headquarters on East Second Street in downtown Riverhead. (Photo: Peter Blasl)
File photo: Peter Blasl

The merger of Suffolk County National Bank with People’s United has been approved by the Office of the Comptroller of the Currency.

The transaction remains subject to the approval of the Board of Governors of the Federal Reserve System, the Bridgeport-based People’s United Financial said in a press release issued yesterday.

The merger was initially announced June 27, 2016 and approved by the shareholders of SCNB on Oct. 13.

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Denise Civiletti
Denise is a veteran local reporter and editor, an attorney and former Riverhead Town councilwoman. Her work has been recognized with numerous awards, including a “writer of the year” award from the N.Y. Press Association in 2015. She is a founder, owner and co-publisher of this website. Email Denise.