0000754673-15-000047.txt : 20150706 0000754673-15-000047.hdr.sgml : 20150703 20150706132604 ACCESSION NUMBER: 0000754673-15-000047 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150703 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150706 DATE AS OF CHANGE: 20150706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUFFOLK BANCORP CENTRAL INDEX KEY: 0000754673 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 112708279 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13580 FILM NUMBER: 15972757 BUSINESS ADDRESS: STREET 1: 4 WEST SECOND ST CITY: RIVERHEAD STATE: NY ZIP: 11901 BUSINESS PHONE: 631-208-2400 MAIL ADDRESS: STREET 1: 4 WEST SECOND STREET CITY: RIVERHEAD STATE: NY ZIP: 11901 8-K 1 form8k_jul2015.htm form8k_apr2014.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________



FORM 8-K


CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported): July 3, 2015



SUFFOLK BANCORP
(Exact name of registrant as specified in its charter)



 New York                                                000-13580                                              11-2708279
(State or other jurisdiction of                   (Commission File Number)           (IRS Employer Identification No.)
                                                                                                           incorporation)

4 West Second Street, Riverhead, New York                                                11901
       (Address of principal executive offices)                                                   (Zip Code)

Registrant’s telephone number, including area code: (631) 208-2400


 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
ITEM 5.02 - DEPARTURE OF CHIEF OPERATING OFFICER; APPOINTMENT OF CHIEF RETAIL OFFICER

On July 6, 2015, Suffolk Bancorp (the "Company") announced that effective Friday, July 3, 2015, Frank D. Filipo retired as Executive Vice President and Chief Operating Officer of the Company and its wholly owned subsidiary, Suffolk County National Bank (the "Bank").  Mr. Filipo served as Executive Vice President of the Company and the Bank since 2003 and was responsible for the Retail Banking Division since 2001.
The Company also announced that it has promoted Anita J. Nigrel as Executive Vice President and Chief Retail Officer to succeed Mr. Filipo.
The press release issued by the Company on July 6, 2015 announcing the foregoing is furnished herewith as Exhibit 99.1.

This information is being "furnished" in accordance with General Instruction B.2. of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.


ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

The following Exhibit is furnished as part of this report:

Exhibit 99.1 Press release issued by the Company on July 6, 2015




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
 
SUFFOLK BANCORP
 
       
Date: July 6, 2015
By:
/s/ Brian K. Finneran  
    Brian K. Finneran  
    Executive Vice President & Chief Financial Officer  
       

                                                                                             
 
 

 
 
 
INDEX OF EXHIBITS

 
Exhibit
Number
 
Description
   
Exhibit 99.1
Press release issued by the Company on July 6, 2015

 
EX-99.1 2 form8k_jul2015exh99-1.htm form8k_apr2014exh99-1.htm
EXHIBIT 99.1
 
 
 
PRESS RELEASE
_____________________________________________________________________________________________________________________________________________________
 
FOR IMMEDIATE RELEASE
             
Investor and Press Contact:  Brian K. Finneran
                                    Executive Vice President &
                                    Chief Financial Officer
                                    (631) 208-2400
                         
4 West Second Street
Riverhead, NY 11901
(631) 208-2400 (Voice) - (631) 727-3214 (FAX)
 invest@suffolkbancorp.com
 
 

  
 
SUFFOLK BANCORP ANNOUNCES
RETIREMENT OF FRANK D. FILIPO AS CHIEF OPERATING OFFICER
AND PROMOTION OF ANITA J. NIGREL TO CHIEF RETAIL OFFICER
 
(Riverhead, New York, July 6, 2015) — Suffolk Bancorp (the "Company") (NASDAQ - SUBK), parent company of Suffolk County National Bank (the "Bank"), today announced that effective Friday, July 3, 2015, Frank D. Filipo retired as Executive Vice President and Chief Operating Officer of the Company and the Bank.  Mr. Filipo has served as Executive Vice President of the Company and the Bank since 2003 and was responsible for the Retail Banking Division since 2001.

The Company also announced that it has promoted Anita J. Nigrel to Executive Vice President and Chief Retail Officer to succeed Mr. Filipo.

President and CEO Howard C. Bluver stated: "It is with very mixed emotions that I congratulate Frank on his retirement. In the 17 years Frank has been with us, there is simply no one who has done more to preserve and grow the core deposit franchise that is our shining jewel. During his tenure, Frank's most important role has been to run our branch system, grow our deposit base, and preserve our extraordinarily low cost of funds. His success in accomplishing all of this leaves the Bank in a great position and I am very grateful to him. I wish Frank nothing but the best in retirement, although I know he will remain a great friend to all of us at the Bank and will be available for advice and consultation whenever it is needed.

I am also grateful to Frank for providing me with two years advance notice of his retirement, so we could plan a smooth transition together. In that regard, I couldn't be more pleased to announce the promotion of Anita J. Nigrel to Executive Vice President and Chief Retail Officer. Anita has been with the Bank for 25 years and, among her many duties, she has been responsible for branch operations for over a decade. Accordingly, there is no one who is more ready, willing and able to take control of our branch system and continue the important work of preserving and growing our core deposit franchise. Anita is universally respected throughout our organization, as well as in the community banking world within our marketplace, and I know we will not miss a beat with Anita in charge. I look forward to working closely with her in the years to come."

Corporate Information
Suffolk Bancorp is a one-bank holding company engaged in the commercial banking business through Suffolk County National Bank, a full service commercial bank headquartered in Riverhead, New York and Suffolk Bancorp's wholly owned subsidiary.  Organized in 1890, the Bank has 27 branch offices in Nassau, Suffolk and Queens Counties, New York.  For more information about the Bank and its products and services, please visit www.scnb.com.
 
 
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