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  September 5, 2001
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Home > Company Index > Banking > Banking - Southwest > Sun Community Bancorp Limited

Sun Community Bancorp Limited
Nasdaq: SCBL
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 PROFILE
What a capital idea to open banks in the sunny southwest! Sun Community Bancorp, which is 48%-owned by Michigan-based Capitol Bancorp (and controlled by Joseph Reid, chairman and CEO of both entities), is the holding company for more than 25 community-based banks in Arizona, California, Indiana, Michigan, Nevada, and New Mexico. The banks make primarily commercial loans (nearly 95% of the total loan portfolio) along with mortgage and installment loans. All the banks have been formed since 1996, and more are on the way. Sun employs the same strategy as its parent, forming de novo banks and, usually owning a slim majority, recruiting management and directors from the local community.

 COMPETITION
BANK ONE CORPORATION (ONE)
Bank of America Corporation (BAC)
Wells Fargo & Company (WFC)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 41.00
1-Yr. Sales Growth: 119.3%
Employees: 226
Revenue per employee: $181,415.93

 KEY PEOPLE
• Joseph D. Reid
    CEO

 CONTACT INFO
2777 E. Camelback Rd., Ste. 375
Phoenix, AZ 85016
US
Phone: 602-955-6100
Fax: 602-955-6978
Online: Web Site

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