MATTITUCK, N.Y. - North Fork Bancorp. sold its entire 9.9% holding of Sunrise Bancorp stock on Aug. 1, netting $9.8 million one day after the thrift holding company agreed to be acquired by another suitor.

The sale of 326,000 shares at $30 per share came after North Fork officials decided not to make a counteroffer for Farmingdale-based Sunrise, which the bank had pursued since January, according to filings with the Securities and Exchange Commission.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.