Suffolk Bancorp in Riverhead, N.Y., has sold its wealth management business to a unit of Provident Financial Services in Jersey City, N.J.

The $1.8 billion-asset Suffolk said in a press release Monday that it sold the business to Beacon Trust Co. The $8.4 billion-asset Provident bought Beacon in 2011. Suffolk did not disclose the price.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access