Suffolk Bancorp (NASDAQ: SUBK) today announced the appointment of Patricia M. Schaubeck as Senior Vice President, General Counsel and Corporate Secretary of both Suffolk Bancorp and Suffolk’s banking subsidiary, Suffolk County National Bank (“SCNB”), effective immediately. She brings the position of General Counsel in-house, and succeeds Douglas Ian Shaw as Corporate Secretary. President and Chief Executive Officer, Howard C. Bluver remarked, “Pat Schaubeck comes to us with broad-based skills advising senior management and boards of directors on critical legal and strategic issues. As General Counsel at State Bancorp from 2007 to 2012, she drew on her expertise in corporate governance, corporate law, securities law compliance, M&A transactions, executive compensation, and bank regulatory compliance to help guide that company through an increasingly complex and difficult business and regulatory environment. We look forward to the benefit of her expertise as we develop the legal and regulatory framework to bring Suffolk to the next level of performance in the years to come.” Ms. Schaubeck holds a J.D. from St. John's University, Jamaica, NY, where she was the Notes and Comments Editor of the Journal of Legal Commentary; an M.B.A. in Public Accounting from St. John's University, Jamaica, NY; and a B.B.A. in Finance from Bernard M. Baruch College, New York, NY. Mr. Bluver concluded, “Finally, on behalf of the Board of Directors and my colleagues in management, I’d also like to thank Doug Shaw for more than 31 years of hard work and loyal service to Suffolk in a variety of capacities, and to wish him well as he pursues a number of personal interests in the future.” Suffolk Bancorp is a one-bank holding company engaged in the commercial banking business through Suffolk County National Bank (“SCNB”), a full service commercial bank headquartered in Riverhead, New York. SCNB is Suffolk Bancorp’s wholly owned subsidiary. Organized in 1890, SCNB has 30 offices in Suffolk County, New York.
Looking at the universe of stocks we cover at Dividend Channel, on 2/9/15, Suffolk Bancorp will trade ex-dividend, for its quarterly dividend of $0.06, payable on 2/25/15. As a percentage of SUBK's recent stock price of $23.52, this dividend works out to approximately 0.26%.