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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 13, 1999
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SUFFOLK BANCORP
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(Exact Name of Registrant as specified in its charter)
New York 0-13580 11-2708279
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
or organization)
6 West Second Street, Riverhead, New York 11901 11901
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 727-5667
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N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On October 13, 1999, Suffolk Bancorp announced that its Board of Directors had
elected Thomas S. Kohlmann to succeed John F. Hanley as President, Chief
Executive Officer, and Director of Suffolk Bancorp and its banking subsidiary,
The Suffolk County National Bank. Mr. Hanley died on October 3, 1999. Victor F.
Bozuhoski, Jr., who served as Acting Chief Operating Officer from April 13,
1999 until Mr. Kohlmann's election, returns to his post as Executive Vice
President in charge of Retail Banking. Other members of the Executive Committee
remain the same, and include J. Gordon Huszagh, Chief Financial Officer and
Augustus C. Weaver, Chief Information Officer.
ITEM 7. EXHIBITS
Press Release dated 10/4/99
"Suffolk Bancorp Announces Passing of John F. Hanley, President and
Chief Executive Officer"
Press Release dated 10/13/99
"Suffolk Bancorp Elects Thomas S. Kohlmann President & Chief Executive
Officer and Director"
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SIGNATURE
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Pursuant to the requirements of the Securities 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: October 14, 1999 By: /s/ Douglas Ian Shaw
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Vice President &
Corporate Secretary
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PRESS RELEASE
FOR IMMEDIATE RELEASE SUFFOLK BANCORP LOGO
Contact: Douglas Ian Shaw 6 West Second Street
Corporate Secretary Riverhead, NY 11901
(516) 727-5667 (516) 727-5667 (Voice)
(516) 727-3214 (FAX)
[email protected]
SUFFOLK BANCORP ANNOUNCES PASSING OF JOHN F. HANLEY
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Riverhead, New York, October 4, 1999, -- With deepest regret, the Board of
Directors of SUFFOLK BANCORP (NASDAQ - SUBK) and its banking subsidiary, The
Suffolk County National Bank, today announced the passing yesterday of John F.
Hanley President and Chief Executive Officer after a long illness. Victor F.
Bozuhoski, Acting Chief Operating Officer during Mr. Hanley's illness, will
continue until a successor is announced.
Mr. Hanley served as President and Chief Executive Officer of Suffolk
Bancorp ("Suffolk") since January 1, 1998, and The Suffolk County National Bank
("SCNB") since January 1, 1997. He was a director of both Suffolk and SCNB since
1997. He was also President and Director of Suffolk Greenway, Inc. a real estate
investment trust.
Mr. Hanley joined SCNB on September 8, 1971 and progressed through the
ranks to the post of Chief Executive. He was responsible for developing SCNB's
consumer loan portfolio from approximately $16 million to more than $400 million
during his career. He was a graduate of the American Bankers Association Stonier
Graduate School of Banking where he received a Diploma with Distinction. He held
a Masters of Business Administration from Hofstra University and a Bachelor of
Science from the University of Maine. Mr. Hanley was active in the educational
programs of the New York State Bankers Association, having served as Chairman of
the Association's Retail Banking Division and Retail Banking Division Education
Committee. He was a member of the faculty of the Consumer Credit School at West
Point and was a Trustee of the New York Bankers Association Insurance Committee
and Circuit Agency, Inc. Mr. Hanley was recognized nationally as an expert in
retail and wholesale automobile financing.
Mr. Hanley was 52 at the time of his death. He is survived by his wife and
three children, his mother and a sister.
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, The Suffolk County
National Bank is the second largest independent bank headquartered on Long
Island, with 26 offices in Suffolk County, New York.
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PRESS RELEASE
FOR IMMEDIATE RELEASE SUFFOLK BANCORP LOGO
Contact: Douglas Ian Shaw 6 West Second Street
Corporate Secretary Riverhead, NY 11901
(516) 727-5667 (516) 727-5667 (Voice)
(516) 727-3214 (FAX)
[email protected]
SUFFOLK BANCORP ELECTS THOMAS S. KOHLMANN PRESIDENT
& CHIEF EXECUTIVE OFFICER AND DIRECTOR
Riverhead, New York, October 13, 1999 -- Suffolk Bancorp (NASDAQ - SUBK)
today announced that the Board of Directors has elected Thomas S. Kohlmann
President, Chief Executive Officer and Director of Suffolk Bancorp and its
banking subsidiary, The Suffolk County National Bank ("SCNB"). He assumes his
new position immediately.
Mr. Kohlmann has served as Executive Vice President and Chief Lending
Officer of Suffolk Bancorp's subsidiary, The Suffolk County National Bank
("SCNB") since January 1, 1996 and as an Executive Vice President of Suffolk
Bancorp since January 27, 1998.
Mr. Kohlmann joined SCNB in 1991 as Vice President in charge of loan and
credit administration. Before that, he served as President of the Long Island
division of Marine Midland Bank. He attended the University of Tampa and the
American Bankers Association's Stonier Graduate School of Banking. Mr. Kohlmann
is a trustee and past president of the Emma S. Clark Memorial Library, a trustee
and Secretary of the Suffolk County Community College Foundation, and a director
of the Riverhead Development Corporation. He lives in Setauket, New York.
Mr. Kohlmann succeeds John F. Hanley, who was a veteran of more than 28
years at SCNB. As previously announced, Mr. Hanley passed away on October 3,
1999.
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, The Suffolk County
National Bank is the second largest independent bank headquartered on Long
Island, with 26 offices in Suffolk County, New York.
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