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.
The survival of local journalism depends on your support.
We are a small family-owned operation. You rely on us to stay informed, and we depend on you to make our work possible. Just a few dollars can help us continue to bring this important service to our community.
Support RiverheadLOCAL today.
