Suffolk Bancorp (NASDAQ - SUBK) today announced the appointment of Michael R. Orsino as Chief Lending Officer of Suffolk’s banking subsidiary, Suffolk County National Bank (“SCNB”), effective immediately. He succeeds Karen A. Hamilton, who has been promoted to the newly-created position of Chief Credit Officer. Ms. Hamilton continues to serve as an Executive Vice President of both Suffolk and SCNB, as will Mr. Orsino.
Howard C. Bluver, President and Chief Executive Officer remarked, “We are very excited to have Mike join our team. He has long and extensive experience in building small business and middle market commercial lending teams and portfolios. Among other things, Mike spent more than 20 years with Key Bank, and served at various times as the President of their Long Island District, for their Capital Region District, and their Hudson Valley /Metro New York district. His broader success notwithstanding, his roots are on Long Island, and his understanding of our market is second to none. We are extraordinarily fortunate to be able to welcome him to SCNB, and we believe he will play an essential role in building Suffolk’s portfolio in the years to come.”
Mr. Bluver went on to say, “Since Karen Hamilton first joined the Bank last May, she has done an excellent job addressing many of the credit-related challenges faced by the Bank over the last two years. Among other things, she has assembled great teams in credit administration, underwriting, and loan workout. Now, in her new position, and with her senior team in place, she can focus on reducing non-performing loans, aggressively pursuing workouts, and building a credit culture that will ensure the quality of our loan portfolio far into the future. Further, given her extensive past experience in the mortgage business, she will also oversee mortgage origination and residential finance.”
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, New York. “SCNB” is Suffolk Bancorp’s wholly owned subsidiary. Organized in 1890, Suffolk County National Bank has 30 offices in Suffolk County, New York.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV