Featured Story
08/25/15 1:46pm
08/25/2015 1:46 PM

The woman who allegedly robbed the bank Thursday. (Credit: Riverhead police)

The 50-year-old woman accused of robbing two banks on the East End this year allegedly threatened to kill the teller’s family during a Riverhead robbery in March in which she stole more than $4,700, according to Riverhead court documents. READ

07/29/15 10:48am
07/29/2015 10:48 AM

R060211_SCNB_BE_R.jpg

Suffolk Bancorp, the parent company of Suffolk County National Bank, has boasted another impressive second quarter.

The company reported a net income of $5.1 million for the second quarter of 2015, up by more than 35 percent from 2014’s second quarter total of $1.3 million.

Additionally, for the six-month period that ended June 30, 2015 the company had a net income of $9.1 million as compared to $7.5 million the previous year.

The jump was due to a $2.3 million increase in net interest income and a $250,000 reduction in loan loss provisions, according to a news release.

“I am very pleased to report what was truly a phenomenal second quarter,” said president and CEO of Suffolk Bancorp Howard Bluver in a statement. “It is gratifying to see our expansion strategies and company-wide focus on high quality execution result in strong financial performance across the board.”

The bank reported total outstanding loans increased from $1.382 billion in May to $1.477 billion by the end of June, a 6.8 percent increase. Compared to the second quarter of 2014, loans increased 23.5 percent.

“As the local economy has improved, loan demand has strengthened in both our traditional markets on the east end of Long Island, as well as in our new markets in Nassau County and New York City,” Mr. Bluver said.

Demand deposits increased by 12.3 percent this quarter compared to the first quarter of 2015 and tangible book value per share in June increased by 4.9 percent to $15.97 million compared to 2014.

Opening branches further west over the last three years in locations like Melville, Garden City and Long Island City has also added to increased revenues, the company reported

“We are clearly picking up market share as we expand west into markets with an abundance of the small and middle market businesses that are our lifeblood,” Mr. Bluver said. “As a result, notwithstanding the strong loan grown experienced in the second quarter, our loan pipeline continues to be robust and we remain optimistic about the prospect for continued strong loan growth during the second half of 2015.”

But the company reported the strong earnings were slightly opposed by a $628,000 reduction in non-interest income in 2015.

[email protected]

03/23/15 7:20am
03/23/2015 7:20 AM
Courtesy SCPD

Courtesy SCPD

A reward has been offered for information that leads to the arrest of a woman who robbed a Riverhead bank last week.

Last Thursday shortly after 10:30 a.m., a woman handed a teller a note at the Suffolk County National Bank branch on Second Street demanding money. She was allegedly given money and then fled the scene on foot.

Bank2According to police, the woman is described between 5-foot-2 and 5-foot-5 inches tall with a medium build and Hispanic or light-skinned black in skin color. Police said she was wearing a black jacket with a gray hooded sweatshirt underneath, with blue jeans, a black hat and sunglasses.

Anyone with information about the robbery is asked to contact the Riverhead Police Department at 727-4500, ext. 610 or Suffolk County Crime Stoppers at 1-800-220-TIPS.

Crime Stoppers is offering a cash reward of up to $5,000 for information that leads to an arrest. All calls will be kept confidential.

03/19/15 12:00pm
03/19/2015 12:00 PM
The Suffolk County National Bank in Riverhead was robbed Thursday morning. (Credit: Tim Gannon)

The Suffolk County National Bank in Riverhead was robbed Thursday morning. (Credit: Tim Gannon)

Update (3 p.m.): The culprit behind Thursday morning’s robbery of the Suffolk County National Bank branch is being described as a light-skinned black or Hispanic woman in her early 40s, said Riverhead Police Department Captain Richard Smith.  (more…)

08/29/14 4:00pm
08/29/2014 4:00 PM

R120309_reverse2_BE_R.jpg

Perhaps a 2005 flashback scene from Season 4 of the Netflix comedy “Arrested Development” depicted the lending market best. In it, actor Ed Helms, playing a realtor, tells two of the show’s main — and jobless, and nutty — characters that he can get them into a mansion through a new “NINJA loan.”

“No income, no job and no assets,” he says, to their delight.

It’s laughable now, but local experts say the depiction wasn’t far off for some lenders during the last decade. To be sure, NINJA didn’t mean banks actually wanted to lend money to people without income, jobs or assets. They just didn’t ask for verification.  (more…)

03/27/14 5:00pm
03/27/2014 5:00 PM
BARBARAELLEN KOCH PHOTO | Bridgehampton National Bank Mattituck branch manager Deborah Orlowski and her employees will be moving into the former SCNB building on the Main Road in Mattituck this summer after it is remodeled.

BARBARAELLEN KOCH PHOTO | Bridgehampton National Bank Mattituck branch manager Deborah Orlowski and her employees will be moving into the former SCNB building on the Main Road in Mattituck this summer after it is remodeled.

Call it the House that Orlowski Built.

After four years of growth at Bridgehampton National Bank’s shopping center branch in the Mattituck Plaza, the branch and its employees — including longtime Mattituck banker Debbie Orlowski — are moving across Main Road to the brick building recently vacated by Suffolk County National Bank.

“The exterior’s being worked on right now,” said Jim Manseau, who oversees all of the bank’s 26 branches from Montauk to Merrick. “The building was power-washed the other day. We’re going to seal and stripe the parking lot. And we’re doing some pretty decent renovations to the interior — new bathrooms, paint, rugs — an entire re-do.”

The company and landlord are just waiting on town building permits, he said. The plan is to open before the end of summer.

Mr. Manseau said the move was made possible because of how much the Mattituck branch has grown since hiring Ms. Orlowski from Capital One four years ago. She had worked for 38 years at North Fork Bank — back when it was called North Fork Bank and Trust Company and had just six branches — and Capital One before leaving in May 2010 for Bridgehampton.

“We’ve grown from $18 million to $55 million” since acquiring Ms. Orlowski, Mr. Manseau said.

Ms. Orlowski credits her success to the decades’ worth of relationships and trust she’s built with area clients.

“I started here May 3 of 2010 and it’s been wonderful,” she said. “I took a small branch that had been here for about 20 years and actually more than tripled the deposits. I’m kind of proud of that.”

Not much thought went into the decision to lease the building, Mr. Manseau said.

“We were contacted by someone after [Suffolk County National Bank] left and we said, ‘Absolutely,’<\!q>” he said. “We really believe in the Mattituck marketplace and that’s a great space, with plenty of parking and a drive-up window.”

The same staff customers have grown accustomed to in the plaza’s location, which has been in operation since 1992, will also make the move.

“The plan is, when the time comes, we’ll open Saturday in the shopping center and come Monday morning we’ll be open across the street,” Mr. Manseau said.

The 104-year-old Bridgehampton National Bank, which is based in Bridgehampton and just opened a Shelter Island branch last year, is getting ready to open a loan production storefront in Riverhead and is renovating its Southold and Sag Harbor stores, Mr. Manseau said.

The bank is also expanding its footprint to the west.

“We’re in Greenport, Shelter Island and Montauk, so you can’t go farther east,” he said. “But we want to continue to address our more mature marketplaces.”

Officials with Suffolk Bancorp, the parent company of SCNB, announced in November the branch would be closing by March, along with three other branches in Port Jefferson Station, Manorville and Montauk Harbor.

At the time, Suffolk Bancorp president and CEO Howard Bluver said the branches would close to make the bank more “efficient and nimble” and to protect the “best core deposit franchises.”

“Following these actions, we will continue to have the premier branch system in Suffolk County, consisting of 24 branches situated in key locations throughout the entire county,” Mr. Bluver said. He added that the locations were picked for closure following an analysis of the company’s branches by an outside consultant.

The Mattituck branch closed on Feb. 14 and the property, which had been owned by Suffolk Bancorp, was sold shortly thereafter, bank officials said this week.

10/22/13 7:00am
10/22/2013 7:00 AM
COURTESY PHOTO | Nancy Jacobs, VP and human resources director at Suffolk County National Bank.

COURTESY PHOTO | Nancy Jacobs, VP and human resources director at Suffolk County National Bank.

Laurel resident and Suffolk County National Bank executive Nancy Jacob was recognized recently as one of the top 50 most influential women on Long Island. She was honored by Long Island Business News at an annual event that recognized the island’s top professionals in government, education, finance and other fields.

Ms. Jacob, a vice president and director of human resources at SCNB, was the only North Fork resident to be honored this year.

Joe Gaviola, chairman of the board of Suffolk Bancorp and Suffolk County National Bank, noted Ms. Jacob’s role in the company as crucial during the bank’s recent restructuring, which included replacement or elimination of positions at every level.

“Nancy has played a vital role in not only managing the HR function during this difficult time, but heading up many additional projects and assignments required by our regulators,” he said.

Ms. Jacob also works with Riverhead Town’s Youth Bureau, as well as the Riverhead Community Awareness Program.