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Ticker:SNBC
Company Name: Sun Bancorp, Inc.

Business Overview from 10-K filing for Sun Bancorp, Inc.:

Sun Bancorp, Inc. (the "Company"), a New Jersey corporation, is a bank holding company headquartered in Vineland, New Jersey. The Company's principal subsidiary is Sun National Bank (the "Bank"). At December 31, 2004, the Company had total assets of $3.1 billion, total deposits of $2.4 billion and total shareholders' equity of $279.2 million. Substantially all of the Company's deposits are federally insured by the Bank Insurance Fund ("BIF"), which is administered by the Federal Deposit Insurance Corporation ("FDIC"). The Company's remaining deposits are federally insured by the Savings Association Insurance Fund ("SAIF"), administered by the FDIC. The Company's principal business is to serve as a holding company for the Bank. As a registered bank holding company, the Company is subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the "Federal Reserve").     

View the full SNBC chart at Wikinvest

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