Merger of Suffolk County National Bank with People’s United is approved by federal regulators
The merger's approval by the Office of the Comptroller of the Currency was announced by the Bridgeport-based People's United yesterday.
People’s United officials say they hope to close on Suffolk Bancorp deal this quarter
The acquisition of the Riverhead-based Suffolk Bancorp by People's United Financial of Bridgeport was originally expected to close by the end of 2016, but federal regulators have not yet signed off on the deal.
SCNB merger with People’s United will result in 76 layoffs in Riverhead in January
The proposed merger of Suffolk County National Bank with People’s United Bank will result in the layoff of 76 employees at Suffolk’s administrative offices in Riverhead.
Suffolk Bancorp shareholders green-light merger with People’s United Financial
The proposed merger was approved Thursday by a vote of more than 80 percent of the shares eligible to vote. It will become final after approval by federal regulators.
Shareholder lawsuit seeks to halt Suffolk County National Bank merger
A federal lawsuit brought by a Suffolk Bancorp shareholder seeks to halt the company's planned merger with People's United, claiming Suffolk's CEO and top officers choose to merge with People's United to benefit themselves.