Suffolk Bancorp has a new CFO
Suffolk Bancorp, 4 W. Second St., Riverhead. (Jan. 31, 2012) Credit: Heather Walsh, 2012
Riverhead-based Suffolk Bancorp has a new chief financial officer, Brian K. Finneran, who had been a top executive at a rival Long Island bank.
Finneran joins Suffolk Bancorp, effective immediately, with an additional title of executive vice president. He also becomes chief financial officer of its subsidiary, Suffolk County National Bank, with 30 offices in the county.
Finneran had been chief financial officer of State Bancorp, parent of State Bank of Long Island, since 1997.
Suffolk said the CFO job had been open since June 24. The bank's president and chief executive, Howard C. Bluver, said in a news release, "We could not have found a more seasoned and respected professional to take over this critical area for us, and I am looking forward to partnering with Brian as we move forward into 2012 and beyond.”
State Bancorp last month merged with a New Jersey bank and its stock was delisted from the Nasdaq exchange. The buyer was Valley National Bancorp.
As part of the deal Valley paid back the $36.8 million that State borrowed under the federal government's controversial Troubled Asset Relief Program -- the bank bailout.
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