SUBK Profile
Suffolk Bancorp (SUBK) is a bank holding company that operates through its subsidiary, Suffolk County National Bank. The bank provides a range of commercial and consumer banking services to customers in Suffolk County, New York.
Suffolk County National Bank offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. The bank also offers a range of lending products, including commercial loans, residential mortgages, and consumer loans.
In addition to its banking services, Suffolk County National Bank offers investment and insurance products through its subsidiaries. These include financial planning services, retirement planning services, and life insurance products.
As of 2016, Suffolk Bancorp was acquired by People's United Financial, Inc., a bank holding company that operates through its subsidiary, People's United Bank. The acquisition has allowed People's United Bank to expand its presence in the New York metropolitan area and strengthen its position in the regional banking market.
Investing in Suffolk Bancorp provides exposure to the financial services industry, which is driven by economic and market conditions, as well as regulatory policies and consumer trends. As with any investment, investors should carefully consider their investment goals, risk tolerance, and other factors before investing in SUBK or any other security. It's also important to consult with a financial advisor to determine whether this security is a suitable investment given an individual's unique circumstances and financial goals.
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