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.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

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