As assets at SuffolkFirst Bank swell, the institution will add another branch in north Suffolk.

The bank has filed an application with the Bureau of Financial Institutions for approval to open a a new location at the proposed Bennett’s Creek Crossing Shopping Center located at Shoulders Hill Road and Route 17, said Darrell G. Swanigan, president and CEO of SuffolkFirst Bank.

&uot;This will be our third full service location since the Bank opened on January 27, 2003,&uot; he added. &uot;We are excited about our future, and the opportunity to serve this area of our market.

From inception, North Suffolk has been a focal point in the Bank’s expansion plans.&uot;

SuffolkFirst Bank is the city’s fastest growing financial institution, &uot;and this new facility will compliment our two convenient locations at 100 Bosley Ave. and 1000 N. Main St. in Central Suffolk,&uot; said Swanigan.

As of Dec. 31, the Bank had assets of $81.1 million.

SuffolkFirst Bank publicly trades on the NASDAQ Small Cap Market under the symbol &uot;SUFB&uot;.

At close of business Jan. 13, the stock closed at $9.50 per share.

The bank just recently launched free bill pay and online banking.

luefras.robinson@suffolknewsherald.com