JOHN J. ZURECK, CPA GERALD C. SCHEINER, CPA MICHAEL D. COLLINS, CPA ROBERT M. McGRATH, CPA THOMAS J. MURRAY, CPA WILLIAM A. KLEIN, JR., CPA JOHN J. KNOX, CPA ROBERT T. QUARTE, CPA STEPHEN A. ANTAKI, CPA MEMBER OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PEER REVIEW PROGRAM AND SEC PRACTICE SECTION OF THE DIVISION FOR CPA FIRMS INDEPENDENT MEMBER OF BKR INTERNATIONAL OFFICES IN PRINCIPAL CITIES WORLDWIDE

Office of the Chief Accountant

Securities and Exchange Commission

450^th Fifth Street, NW

Washington, DC 20549

Dear Sir:

We have reviewed and agree with the comments in Item 4 of the Form 8-K of Smithtown Bancorp, Inc., dated August 28, 2003 to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Albrecht, Viggiano, Zureck & Company, P.C.

25 Suffolk Court

Hauppauge, New York 11788

cc: Ms. Anita Florek, Chief Financial Officer