Suffolk Bancorp (SUBK) in Riverhead, N.Y., has been released from a written agreement with the Office of the Comptroller of the Currency.

The $1.6 billion-asset company's bank had been operating under the agreement since October 2010. The agreement, among other things, required the bank to review management, establish a three-year strategic plan and capital program, and create programed tied to internal audit, an adequate loan-loss allowance and credit risk management.

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