SUFFOLK BANCORP
8-K/A, 1995-07-28
NATIONAL COMMERCIAL BANKS
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<PAGE>   1
                                       

                      SECURITIES AND EXCHANGE COMMISSION
                                      
                            Washington, D.C. 20549
                                      
                            ---------------------
                                      
                                      
                           AMENDMENT 1 TO FORM 8-K
                            AS FILED JULY 3, 1995

                                CURRENT REPORT

                      PURSUANT TO SECTION 13 OR 15(d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): July 26, 1995



                               SUFFOLK BANCORP
- --------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)




   New York                 0-13580                            11-2708279
- --------------------------------------------------------------------------------
(State or other           (Commission                        (IRS Employer
Jurisdiction of           File Number)                      Identification No.)
Incorporation
or Organization)



6 West Second Street, Riverhead, New York 11901                   11901
- --------------------------------------------------------------------------------
   (Address of principal executive offices)                     (Zip Code)




      Registrant's telephone number, including area code: (516) 727-2700

                                       N/A
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


                                      (1)
<PAGE>   2
The sole purpose of this amendment is to file an exhibit to the report on Form
8-K filed on July 3, 1995.

                                       (2)
<PAGE>   3
EXHIBIT A:

Letter from KPMG Peat Marwick dated July 26, 1995


                                   SIGNATURES


         Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                                SUFFOLK BANCORP

Date:  July 28, 1995                             By: /s/ Edward J. Merz
                                                    -------------------
                                                    Edward J. Merz, President &
                                                    Chief Executive Officer




                                      (3)
<PAGE>   4

                                EXHIBIT INDEX

    Exhibit No.                  Description                         

      Ex-99.A        Letter dated July 26, 1995 from KPMG Peat Marwick.




<PAGE>   1

                                                           EXHIBIT 99.A


KPMG Peat Marwick LLP [Letterhead]



                                                 July 26, 1995
                                               

Securities and Exchange Commission
Washington, D.C. 20549

Ladies and Gentlemen:

We were previously principal accountants for Suffolk Bancorp and, under the date
of January 23, 1995, we reported on the consolidated financial statements of
Suffolk Bancorp and Subsidiaries as of December 31, 1994 and 1993 and for each
of the years in the three-year period ended December 31, 1994. On June 26,
1995, our appointment as principal accountants was terminated. We have read
Suffolk Bancorp's statement included under item 4(a) of its Form 8-K dated June
30, 1995, and we agree with such statments except that our opinion included an
explanatory paragraph describing the adoption of new accounting principles and
we are not in a position to agree or disagree with Suffolk Bancorp's statement
that the decision to change accountants was recommended by the Audit
Committee of the Board of Directors and approved by the entire Board of
Directors based upon such recommendation.


                                                 Very truly yours, 
                                                 
                                                 KPMG Peat Marwick LLP

                                             /S/ KPMG Peat Marwick LLP
                                                 











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