Business

Long Island Community Hospital in East Patchogue has signed a non-binding letter of intent with NYU Langone Health to begin discussions on a potential transaction that would bring the community hospital into NYU Langone’s healthcare network.

People’s United Bank, which acquired Riverhead-based Suffolk County National Bank in 2017, will be acquired by M&T Bank in a deal valued at approximately $7.6 billion.

This was the third time the Aquebogue estate vineyard earned the Winery of the Year distinction.

A Fine Fare supermarket will be opening in the former Best Market store on Route 58. Best Market supermarkets were purchased in 2018 by LiDL, which is opening a Riverhead location the former Toys 'R' Us site later this year.

Tanger Factory Outlets, a mainstay of Riverhead’s Route 58 commercial corridor since the mid-1990s, was hurt by pandemic shutdowns and tenant bankruptcies last year, but business is stabilizing and improving, company executives said this week.

Peconic County Brewing is celebrating its grand opening today in downtown Riverhead. PCB, Riverhead's newest craft brewery is located on the Peconic Riverfront in the Riverview Lofts building at 221 East Main Street (at the corner of McDermott Avenue.) It is open daily from noon to 10 p.m.

Amy Loeb, who has served as deputy executive director for the past two years, was named executive director of the Riverhead hospital effective Feb. 1, succeeding Andrew Mitchell, who ran the hospital for 20 years.

The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this week. BNB has taken the Dime name, effective Feb. 1.

Downtown Riverhead restaurateur Jerry Dicecco aims to raise $100,000 to feed out-of-work local hospitality workers and their families this winter.

The $900 billion coronavirus relief package hammered out by federal lawmakers includes language to ensure that small businesses who borrowed money under the Paycheck Protection Program can deduct expenses covered using the program’s forgivable loans.