Suffolk Bancorp, parent company of Suffolk County National Bank, has been named one of the top performing small-cap banks and thrifts in the U.S. by investment bankers Sandler O’Neill, the company announced in a press release on Thursday.
Suffolk Bancorp, named to the Sm-All Stars Class of 2014, was one of 35 publicly traded banks and thrifts selected among 443 depository institutions from across the country with market cap less than $2.5 billion. The Sm-All Stars designation was established to identify institutions whose performance metrics exceed industry metrics. Companies were selected based on various financial screening criteria, including growth, profitability, credit quality and capital strength.
“It is gratifying that Suffolk Bancorp has been recognized among peer institutions for our strong performance,” Suffolk Bancorp president and CEO Howard C. Bluver said. “The Sm-All Stars distinction acknowledges the collective efforts of our outstanding teams in delivering on strategies that build our core businesses, assure credit quality, and effectively manage growth.”
Suffolk Bancorp is a one-bank holding company engaged in the commercial banking business through the Suffolk County National Bank, a full service commercial bank headquartered in Riverhead, and Suffolk Bancorp’s wholly owned subsidiary. Organized in 1890, the bank has 26 branch offices in Nassau and Suffolk Counties, New York.
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