Suffolk Bancorp Acquisition May Not Be in the Best Interests of SCNB Shareholders

NEW YORK, June 28, 2016

WeissLaw is investigating whether SCNB's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the Company recently announced positive financial results for the first quarter of 2016.  On April 28, 2016, SCNB reported net income increased by 20.7% year-over-year to $4.8 million, and a 26.5% year-over-year increase in total outstanding loans. 

Given these facts, WeissLaw is investigating the Board of Directors' decision to sell SCNB and whether SCNB shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects.  If you own SCNB shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP