Sun Bancorp, Inc. (NASDAQ: SNBC) is a $3.13 billion dollar asset bank holding company. The executive offices are in Mt. Laurel, New Jersey. Its main subsidiary is Sun National Bank, which is a full service commercial bank headquartered in Vineland, New Jersey. It began with one office in Medford, New Jersey in 1985. Now, there are 66 locations throughout New Jersey with customers in New Jersey, New York, and Pennsylvania. Sun National Bank specializes in retail banking, business banking, and commercial and institutional banking. It is an Equal Housing Lender and its deposits are insured up to the legal maximum by the Federal Deposit Insurance Corporation (FDIC). (Linked
Although in size comparison to banks such as PNC which has 2,635 branches, Sun National Bank was named by Forbes Magazine’s “Most Trustworthy Companies,” for five years.
The president and CEO of Sun National Bank is Tom Geisel. It is evident that a smaller bank would be rooted in the community and invested in giving back to the community. In 2011, they raised over $75,000 for united way by payroll deductions, community activities, and fundraisers. Every fall, they participate in “Banking on Our Communities Day,” where employees receive time off and accumulate over 2000 hours of community work in various organizations. In addition to branches, there is the Sun National Bank Center located in Trenton, New Jersey which is an arena seating up to ten thousand people.
Retail Banking includes product offerings of deposit accounts (various checking, saving, and cd products), personal loans and lines of credit, credit and debit cards, Sun Home Loans (home financing and advice), and investments offered through INVEST Financial Corporation of long term and short term investments. Business, Commercial, and Institutional Banking offers different services to better aid those clients’ needs. Included in business, commercial, and institutional banking are : Loans and lines of...