Suffolk Bancorp Receives Expected Notice of Non-Compliance from NASDAQ Due to Delayed Filing of 10-Q

Suffolk Bancorp SUBK, today announced that, on August 11, 2011, as expected, it received a letter from NASDAQ that Suffolk was not in compliance with NASDAQ Marketplace Rule 5250(c)(1) due to Suffolk's previously announced delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2011. Previously, NASDAQ had granted Suffolk an exception until August 31, 2011 to file its delinquent Form 10-Q for the period ended March 31, 2011. As a result of this additional delinquency, Suffolk must submit an update to its original plan to regain compliance with respect to the filing requirement, including plans to file the Form 10-Q for the period ended June 30, 2011, and indicate the progress Suffolk has made towards implementing the plan submitted in connection with the Initial Delinquent Filing, no later than August 26, 2011. Any additional exception to allow Suffolk to regain compliance with all delinquent filings, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, which is November 7, 2011. The Company is working diligently to complete the necessary filings as soon as practicable.