Suffolk Bancorp (SCNB) Files Form 4 Insider Buying : David A Kandell Buys 113 Shares

Suffolk Bancorp (SCNB): David A Kandell , director of Suffolk Bancorp purchased 113 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.00 per share for a total value of $2,828.84 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Edgar F Goodale (director) purchased 90 shares at $25.00 per share price.On May 26, 2016, Joseph A Gaviola (director) purchased 134 shares at $25.00 per share price.Also, On May 26, 2016, James E Danowski (director) purchased 125 shares at $25.00 per share price.On Feb 26, 2016, David A Kandell (director) purchased 115 shares at $24.41 per share price.

Suffolk Bancorp (Suffolk) is a bank holding company for Suffolk County National Bank of Riverhead (the Bank). The Bank is a community bank which offers commercial and retail banking services to its customers. The Bank operates 26 branches in Nassau and Suffolk Counties New York and loan production offices in Garden City and Melville New York. The Bank makes commercial real estate floating and fixed rate loans multifamily and mixed use commercial loans primarily in the boroughs of New York City commercial and industrial loans to manufacturers wholesalers distributors developers/contractors and retailers and agricultural loans. The Bank investment securities consist of United States Government agency securities obligations of states and political subdivisions collateralized mortgage obligations mortgage-backed securities and Corporate bonds. The Bank finances its activities through deposits borrowings and proceeds from maturities and sales of securities.

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