| Business Summary | | Sun
Bancorp,
Inc.
is
a
holding
company.
SunBank,
the
Company's
wholly
owned
state-chartered
bank,
provides
full-service
commercial
and
retail
banking
services
primarily
in
central
Pennsylvania.
SunBank
operates
16
banking
offices
and
one
trust
services
office
serving
Snyder,
Union,
Northumberland,
Lycoming,
Cameron
and
Elk
Counties.
SunBank
offers
a
wide
range
of
services
including
demand
deposit
accounts,
savings
accounts,
Christmas
and
all-purpose
clubs,
time
certificates
of
deposit
and
individual
retirement
accounts,
as
well
as
commercial
loans,
consumer
loans,
mortgage
loans
and
safe
deposit
services.
SunBank
also
operates
a
trust
department
that
provides
full
fiduciary
services.
In
addition,
33
Automated
Teller
Machines
and
cash-dispensing
units
throughout
the
service
area
provide
24-hour
banking
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SUBI
is
a
bank
holding
company
whose
subsidiaries
operate
16
banking
offices
and
one
trust
services
office.
It
also
offers
credit
life
and
disability
insurance.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$28.4
million.
Net
interest
income
after
loan
loss
provision
rose
4%
to
$10.2
million.
Net
income
rose
51%
to
$2.9
million.
Results
reflect
increased
earning
asset
balances,
higher
net
securities
gains
and
higher
deposit
account
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Fred Kelly, Jr., 56 Chairman | $197K | Robert McCormack, 40 Pres,
CEO, Director | 136K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|