Sun Bancorp Receives Fed Approval for New CFO

Sun Bancorp (SNBC) in Vineland, N.J., has received the Federal Reserve Board's blessing to hire Thomas R. Brugger as its chief financial officer.

Brugger has served as CFO of Sun National Bank since November. The $3.2 billion-asset company said Friday in a regulatory filing that it received the Fed's non-objection on Dec. 20.

Brugger spent roughly three years at Customers Bancorp (CUUU), where he was the CFO of the parent company and its bank. His background also includes a stint as the corporate treasurer, chief investment officer and portfolio manager at Sovereign Bank.

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