Sun Bancorp Receives Fed Approval for New CFO

Community banking

Wanted: CFOs Who Are More Than CPAs

Chief financial officers who can do more than count beans are finding plenty of employment opportunities as banks pursue executives well-versed in handling risk management and strategic initiatives.

By Jackie Stewart

December 5

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.

Jackie Stewart

Executive Editor, American Banker Magazine

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