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Suffolk Bancorp Faces More Problems over Understated Loan Loss Allowances

CoStar News
August 15, 2011 | 9:23 P.M.

Following the stock market close on Monday, the $1.6 billion Suffolk Bancorp announced that it received a letter from NASDAQ that it was not in compliance with listing rules due to delays in filing its quarterly reports this year. Previously, NASDAQ had granted Suffolk an exception until the end of the month to file its delinquent quarterly report for the first quarter.

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