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Howard Bluver's prior stints at the SEC and the OTS should prove helpful to Suffolk Bancorp as it looks to exit a formal agreement with the OCC.
January 4
Suffolk Bancorp (SUBK) in Riverhead, N.Y., is continuing to reinvent its management team.
The company said Thursday that it had hired James Gay as its chief credit officer. He succeeds Karen Hamilton, who will retire in early March and transition to a "financial advisory role," the $1.6 billion-asset company said Thursday.
Gay was the president and chief credit officer at the $216 million-asset National Bank of New York City in Flushing and has held senior posts at Gold Coast Bank, Signature Bank and Citibank.
"I am very grateful to Karen for her extraordinary performance during a challenging period for the company," Howard Bluver, Suffolk's president and chief executive, said in a press release. "The fact that we were able to aggressively put the legacy credit issues behind us in 2012 is due in no small part to Karen's efforts."
After a difficult 2011, when Suffolk took losses on real estate loans and delayed reporting some of its financial results, the company appointed several new executives last year. It
Last year, Suffolk also