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Law Offices of Howard G. Smith Announces Investigation of Suffolk Bancorp

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  Published in Business and Finance on Tuesday, August 16th 2011 at 14:27 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against Suffolk Bancorp (aSuffolka or the aCompanya) (NASDAQ:SUBK) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between October 15, 2010 and August 12, 2011, regarding Suffolka™s business, operations and financial condition were false and misleading.

Suffolk operates as the holding company for Suffolk County National Bank, a national-chartered commercial bank that provides domestic, retail and commercial banking services in Suffolk County, New York. Specifically, the investigation relates to Suffolka™s August 12, 2011 disclosure that the audit committee of the Companya™s board of directors had concluded that the Companya™s financial statements for the year ended December 31, 2010, and the quarters ended September 30, 2010 and December 31, 2010, should no longer be relied upon due to an understatement of its allowance for loan losses.

If you purchased Suffolk securities between October 15, 2010 and August 12, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].