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SCNB Turns To IFMG

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NU Online News Service, March 30, 2005, 2:45 p.m. EST

A midsize Riverhead, N.Y., bank has asked a Purchase, N.Y., distributor to run its investment program.[@@]

The distributor, Independent Financial Marketing Group Inc., says an IFMG broker-dealer unit will be offering customers of the bank, Suffolk County National Bank, mutual funds, annuities, life insurance policies, stocks and bonds.

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Financial consultants in the branch offices will help clients with college planning, long term care planning, retirement planning and asset allocation, IFMG says.

SCNB is a unit of Suffolk Bancorp, Riverhead. The bank has 26 offices in Suffolk County, N.Y.

IFMG is a unit of Sun Life Financial Inc., Toronto.