Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Suffolk Bancorp (NYSE: SCNB) acted responsibly on behalf of investors’ profitability in the planned $402 million sale to People's United Financial Inc (NASDAQ: PBCT).

On June 27, 2016, Suffolk Bancorp (NYSE: SCNB) and People's United Financial Inc (NASDAQ: PBCT) announced that they had entered into a merger agreement. Under the terms of the merger agreement, shareholders of Suffolk will receive 2.225 shares of People’s United common stock for each share of Suffolk common stock they own.

Based in Riverhead, New York, and founded in 1890 Suffolk Bancorp provides commercial and retail banking services.

The investigation focuses on whether NYSE: SCNB investors received the highest price and whether the directors of Suffolk Bancorp acted in the best interest of Suffolk Bancorp company and its shareholders.   

If you purchased Suffolk Bancorp (NYSE: SCNB) prior to June 27, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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