Smithtown Bancorp closer to taking bailout funds

Glasser, Laura
January 2009
Long Island Business News (7/1993 to 5/2009);1/2/2009, Vol. 56 Issue 1, p13A
The article offers news briefs related to business enterprises in Long Island, New York. Bank of Smithtown has granted an approval to sell $37.8 million in preferred shares to the U.S. Treasury as part of the bailout plan. Flushing Financial Corp. has received money from the government under the Capital Purchase Program. Marcum & Kliegman LLP has formed a task force to help investors and determine that tax implications of their losses with the defamed investment adviser Bernard Madoff.


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