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Sun Bancorp in Mount Laurel, N.J., plans to raise approximately $20 million to fund its recent restructuring.
August 15 -
Sun Bancorp in Mount Laurel, N.J., reported a second-quarter loss due to one-time charges related to its ongoing restructuring efforts.
July 31 -
Sun Bancorp in Mount Laurel, N.J., has agreed to hire four new executives, promoted another executive, and hired a technology consulting firm.
July 29
Sun Bancorp in Mt. Laurel, N.J.,
Schaubeck most recently served as general counsel and corporate secretary of the $1.8 billion-asset Suffolk Bancorp in Riverhead, N.Y. Before that, she served as general counsel for the $1.6 billion-asset State Bank of Long Island, which is now part of Valley National Bank.
She began her career as an examiner at the Office of the Comptroller of the Currency in Philadelphia.
"With a key objective of terminating the bank's formal agreement with Office of the Comptroller of the Currency, Sun will benefit significantly from her strong track record of advising management, boards of directors and other stakeholders on key regulatory and strategic business matters," said Thomas O'Brien, Sun's president and chief executive, in a news release Tuesday.
Sun National Bank, a subsidiary, operates under an
Schaubeck's appointment follows a sweeping, company-wide reorganization in July, which involved
