Still wary of a neighbor's intentions, Suffolk Bancorp of New York is trying again to increase its authorized shares dramatically, possibly for emergency use to ward off hostile takeover attempts.

Bank officials expect to call a special meeting this summer at which they will ask shareholders to approve doubling the company's authorized shares to 15 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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