BRIDGEPORT, Conn., March 16, 2017 /PRNewswire/ -- As
announced by The Federal Reserve Board on March 16, 2017, People's United Financial, Inc.
(NASDAQ: PBCT) has received approval by the Board of Governors of
The Federal Reserve for the merger of Suffolk Bancorp, of
Riverhead, NY (NYSE: SCNB) with
and into People's United Financial. The transaction, announced
June 27, 2016 and approved by the
shareholders of Suffolk Bancorp on October
13, 2016, also received approval by the Office of the
Comptroller of the Currency ("OCC") on February 6, 2017.
About People's United Bank, N.A.
People's United
Bank, N.A. is a subsidiary of People's United Financial, Inc.
(NASDAQ: PBCT), a diversified financial services company with
$41 billion in assets. People's
United Bank, founded in 1842, is a premier, community-based,
regional bank in the Northeast offering commercial and retail
banking, as well as wealth management services through a network of
nearly 400 branches in Connecticut, New
York, Massachusetts,
Vermont, New Hampshire and Maine. Visit us at peoples.com.
People's United Bank. "What know-how can
do." SM
Visit us at peoples.com and follow us on Facebook and Twitter.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/peoples-united-financial-inc-announces-federal-reserve-board-approval-of-suffolk-bancorp-acquisition-300425167.html
SOURCE People's United Financial, Inc.