| Business Summary | | Sun
Bancorp,
Inc.
is
the
bank
holding
company
of
Sun
National
Bank
(New
Jersey)
and
Sun
National
Bank
(Delaware).
Through
the
Banks,
the
Company
provides
community-banking
services
through
72
financial
service
centers
in
southern
and
central
New
Jersey,
New
Castle
County,
Delaware
and
in
Philadelphia,
Pennsylvania.
The
Banks
offer
comprehensive
lending,
depository
and
financial
services
to
their
customers
and
marketplace.
The
Banks'
lending
services
to
businesses
include
commercial
and
industrial
loans
and
commercial
real
estate
loans.
The
Banks'
commercial
deposit
services
include
checking
accounts
and
cash
management
products
such
as
electronic
banking,
sweep
accounts,
lockbox
services,
Internet
banking,
PC
banking
and
controlled
disbursement
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SNBC,
a
bank
holding
company,
provides
commercial
and
consumer
banking
services
through
its
72
financial
service
centers
in
southern
and
central
NJ,
DE
and
PA.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
7%
to
$67.8
million.
Net
interest
income
after
loan
loss
prov.
fell
18%
to
$23.8
million.
Net
income
fell
84%
to
$621
thousand.
Results
reflect
reduced
investment
securities,
higher
interest
on
deposits
and
higher
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Bernard Brown, 76 Chairman | $245K | $36K | Thomas Bracken, 53 Pres,
CEO, Director | -- | -- | Sidney Brown, 43 Vice
Chairman, Treasurer, Sec. | -- | -- | Dan Chila, 52 CFO,
Exec. VP | 107K | -- | Douglas Cornforth, 43 Pres
and CEO of SunDelaware | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|