RIVERHEAD, N.Y., June 26, 2013 (GLOBE NEWSWIRE) -- Suffolk Bancorp (the "Company") (Nasdaq:SUBK), parent company of Suffolk County National Bank (the "Bank"), today announced that Jeanne P. Kelley and Patricia M. Schaubeck have been promoted to Executive Vice President. Ms. Kelley serves as the Bank's Chief Risk Officer, and Ms. Schaubeck serves as General Counsel and Corporate Secretary.
In announcing these promotions, President and CEO Howard Bluver commented that "I couldn't be more pleased to be recognizing the significant contributions that both Jeanne and Pat have made in getting our Company to where we are today.
As Chief Risk Officer and a respected member of our senior management team, Jeanne plays an enormously important role at our Company, ensuring that our risk management and internal control systems are robust and effective. Jeanne is also directly responsible for the strong and transparent relationship we have with our regulators, and she played a key role in achieving the recently announced termination of the Formal Agreement with the Comptroller of the Currency. Jeanne is also responsible for managing our state-of-the-art Compliance, Bank Secrecy Act and Community Reinvestment Act policies and procedures. With Jeanne at the helm, I know the Company is in fine shape to deal with the challenging regulatory and compliance environment that is a fact of life in today's world.Since joining the Company one year ago as General Counsel and Corporate Secretary, Pat has played the key role in getting the various transactions completed that enabled the Company to rapidly clean up our balance sheet and put the problems of the past behind us. As an industry veteran with significant experience in the financial institutions arena, Pat understands how to balance risk with the need to get things done. As a result, Pat has become a key partner to our business leaders, who look to Pat to help them achieve their goals. As Corporate Secretary, Pat is also a key conduit to our Board of Directors and has become a respected voice in our Board Room.