Sun Bancorp Fund Company Profile

Description

Sun Bancorp, Inc. operates as the holding company for Sun National Bank that provides various community banking services to consumers, small businesses, and mid-size companies in New Jersey. The company’s deposit products include checking accounts, savings accounts, money market accounts, certificates of deposits, and individual retirement accounts, as well as business checking accounts. Its loan portfolio comprises term loans, lines of credit, and commercial mortgages, as well as lines of credit of overdraft sweeps. The company also provides cash management services comprising online banking, electronic bill payment and wire transfer, lockbox, remote deposit, and controlled disbursement services; and investment services, such as insurance, annuities, mutual funds, securities brokerage, and investment advisory services. As of December 31, 2015, it operated 37 locations primarily in New Jersey, which included 31 branch offices; and had 1 loan production office in each of New York and Pennsylvania. Sun Bancorp, Inc. was founded in 1985 and is headquartered in Mount Laurel, New Jersey.