SuffolkFirst Bank declares stock split, opens new branch
Published 12:00 am Tuesday, February 3, 2004
Just one year after opening, SuffolkFirst Bank declared a 25 percent stock split and opened a branch office on North Main Street.
Darrell G. Swanigan, the bank’s president and CEO, announced on Feb. 3 that the bank’s Board of Directors voted on the split that gives shareholders one additional share for each four owned.
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On Feb. 2, SuffolkFirst opened its branch office at 1000 N. Main St. in Suffolk Plaza Shopping Center. The bank’s main office is at 100 Bosley Ave. with an operations center located on 428 W. Washington St.
SuffolkFirst has assets totaling $44.6 million, a 326 percent increase since it opened for business on Jan. 27, 2003.