Edition:
United States

Sun Bancorp Inc (SNBC.OQ)

SNBC.OQ on NASDAQ Stock Exchange Global Select Market

24.55USD
3:59pm EST
Change (% chg)

$-0.40 (-1.60%)
Prev Close
$24.95
Open
$24.85
Day's High
$25.00
Day's Low
$24.55
Volume
11,127
Avg. Vol
14,007
52-wk High
$26.70
52-wk Low
$22.45

Summary

Name Age Since Current Position

Anthony Coscia

57 2016 Independent Chairman of the Board

Thomas O'Brien

66 2014 President, Chief Executive Officer, Director

Thomas Brugger

50 2016 Chief Financial Officer, Executive Vice President

Michele Estep

47 2008 Executive Vice President, Chief Administrative Officer

Patricia Schaubeck

56 2014 Executive Vice President, General Counsel, Chief Legal Officer

Nicos Katsoulis

57 2014 Executive Vice President and Chief Lending Officer

Anthony Morris

61 2014 Executive Vice President and Chief Banking Officer

Neelesh Kalani

42 2011 Senior Vice President, Chief Accounting Officer

Anthony DImperio

67 2015 Senior Vice President, Chief Credit Officer

Jeffrey Brown

57 1999 Director

Sidney Brown

59 2016 Director

F. Clay Creasey

68 2014 Independent Director

Peter Galetto

63 1990 Independent Director

Eli Kramer

61 2004 Independent Director

James Lockhart

71 2017 Independent Director

William Marino

73 2010 Independent Director

Keith Stock

64 2014 Independent Director

Grace Torres

57 2015 Independent Director

Mike Dinneen

2016 SVP, Director of Marketing, Communications & Investor Relations

Biographies

Name Description

Anthony Coscia

Mr. Anthony R. Coscia is an Independent Chairman of the Board of the Company and the Bank. He is a partner with Windels Marx Lane & Mittendorf, LLP, and a member of the law firm's Executive Committee. In addition to his private practice, Mr. Coscia holds a number of leadership roles in the public and private sectors, including serving as the Chairman of the Board of Directors of the National Railroad Passenger Corporation (Amtrak). He previously served as Chairman of the Port Authority of New York and New Jersey and the New Jersey Economic Development Authority. Mr. Coscia also serves as a trustee of the New Jersey Community Development Corporation, Georgetown University and the Regional Plan Association.

Thomas O'Brien

Mr. Thomas M. O'Brien serves as President, Chief Executive Officer and Director of the company. He has been a director of the Company and the Bank since 2014. Mr. O’Brien has served as President and Chief Executive Officer of the Company and the Bank since July 2014. Mr. O’Brien is a member of the Board’s Executive, ALCO and Risk Committees. From April 1, 2014 through June 30, 2014, Mr. O’Brien was providing consulting services to the Boards of Directors of the Company and the Bank pending regulatory approval of his appointment as President and Chief Executive Officer. Mr. O’Brien served on the boards of BankUnited, Inc. and BankUnited, NA from May 2012 through April 1, 2014. Prior to that, Mr. O’Brien served as President and Chief Executive Officer of State Bancorp, Inc. and its wholly-owned subsidiary, State Bank of Long Island, from November 2006 to January 2012. From 2000 to 2006 Mr. O’Brien was President and Chief Executive Officer of Atlantic Bank of New York and, following the acquisition of Atlantic Bank of New York by New York Commercial Bank, continued to serve as President and Chief Executive Officer during the post-closing transition. From 1996 to 2000, Mr. O’Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation, Inc. From 1977 to 1996, Mr. O’Brien was Chairman, President and Chief Executive Officer of North Side Savings Bank. Mr. O’Brien served as a director of the Federal Home Loan Bank of New York from 2008 to 2012 and served as Chairman of New York Bankers Association in 2007. Mr. O’Brien is currently Trustee and Chairman of the Audit Committee of Prudential Insurance Company of America $175 Billion Annuity Fund Complex, Vice-Chairman of the Board and Chairman of the Finance Committee of Archcare and Catholic Healthcare Foundation for the Archdiocese of New York. Mr. O’Brien received a BA in Political Science from Niagara University in 1972 and an MBA from Iona College in 1982.

Thomas Brugger

Mr. Thomas R. Brugger serves as Chief Financial Officer, Executive Vice President of the Company and the Bank since November 2012. His responsibilities include accounting, regulatory and financial reporting, corporate planning and budgeting, treasury, interest rate risk management and capital planning. Before joining the Company, Mr. Brugger was Executive Vice President and Chief Financial Officer of Customers Bancorp, Inc., a bank holding company based in Wyomissing, PA for three years (from September 2009 to October 2012). Prior to that, Mr. Brugger was Executive Vice President, Corporate Treasurer for Sovereign Bancorp and Sovereign Bank for fifteen years. Mr. Brugger is a graduate of Penn State University and is Vice Chairman for the Advisory Board for Penn State Outreach and Online Education, a division of Penn State University.

Michele Estep

Ms. Michele B. Estep is an Executive Vice President and Chief Administrative Officer of Sun Bancorp, Inc., since April, 2008. She joined Sun National Bank in April 2008 as Executive Vice President and Chief Administrative Officer, bringing more than 20 years of banking experience to this position. She oversees the bank’s administrative operations, including Human Resources, Training and Development, Marketing, and PR and Communications. Ms. Estep’s roles include management of the bank’s Human Capital initiatives – recruiting, hiring, retention and training practices and procedures, as well as the administration of benefits and payroll services. Under her management, the marketing department is charged with developing strategies and tactics designed to support the Company’s lines of business through sales support, branding, advertising and social media. Ms. Estep is also responsible for managing communications with all of the Company’s stakeholders, including community relations and investor relations. During Ms. Estep’s tenure at Sun, she has overseen the implementation of a Performance Management Process, the development of a Succession Plan, the construction of the bank’s first LEED-certified branches, and the commencement of the Banking on our Communities program in 2009, which has supported more than 400 non-profit groups across New Jersey. Prior to joining Sun National Bank, Ms. Estep held successive leadership roles at KeyBank in Albany, New York, including Assistant Vice President- Human Resources Generalist, Vice President – Senior Human Resources Generalist, and Senior Vice President – Human Resources Relationship Manager. Ms. Estep earned a Master of business administration degree from the State University of New York at Albany and a Bachelor of Science degree in Personnel and Industrial Relations from Syracuse University. She is currently a member of the Board of Trustees of The Food Bank of South Jersey.

Patricia Schaubeck

Ms. Patricia M. Schaubeck is an Executive Vice President, General Counsel, Chief Legal Officer of the Company and the Bank. She joined the Company and the Bank in September 2014 as Executive Vice President and General Counsel, serving as the chief legal officer to the Company and the Bank. Prior to joining the Company, Ms. Schaubeck served as General Counsel to Suffolk Bancorp and its wholly-owned subsidiary, Suffolk County National Bank, in New York, from June 2012 through August 2014. Prior thereto, Ms. Schaubeck served as General Counsel to State Bancorp, Inc. and its wholly-owned subsidiary, State Bank of Long Island, in New York, from June 2007 through January 2012. Previously, Ms. Schaubeck was associated with various New York City and Long Island, New York law firms where she represented financial institutions and real estate clients. Ms. Schaubeck serves on the Board of Trustees and Finance Committee of The Mary Louis Academy, a private, all-girls college preparatory school in New York, and is a sponsor and mentor with Student Sponsor Partners, a New York organization assisting low-income students with a high school education. She holds a BBA from Baruch College and an MBA and JD from St. John’s University.

Nicos Katsoulis

Mr. Nicos Katsoulis is an Executive Vice President and Chief Lending Officer of the Company and the Bank since November 2014. He oversees all of the Bank’s lending activities, including commercial and industrial and commercial real estate lending. Prior to becoming an employee, Mr. Katsoulis was a consultant to the Bank from July 2014 to November 2014. Previously, from 2007 to 2012, he served as a director of State Bancorp, Inc. and its wholly-owned subsidiary, State Bank of Long Island, and was Chair of its Loan Committee. Prior thereto, Mr. Katsoulis served as Executive Vice President and Chief Lending Officer at Atlantic Bank of New York, where he led the development of that bank’s loan portfolio and oversaw the origination of several billion dollars in new facilities and relationships. He is a graduate of the London School of Economics and Columbia University’s graduate school of business.

Anthony Morris

Mr. Anthony J. Morris is an Executive Vice President and Chief Banking Officer of Sun Bancorp Inc. Mr. Morris oversees key customer experience functions across the organization, including retail banking, information technology, bank operations, loan operations and the Bank's wealth management subsidiary. Prior to becoming an employee, Mr. Morris was a consultant to the Bank from July 2014 to November 2014. From November 2012 to July 2014, Mr. Morris served as Director, Banking Products & Services at CIT Bank where he was responsible for formulating strategic and operating plans for CIT Bank’s branch banking platform. Prior to CIT Bank, from 2007 to 2012, Mr. Morris served as Senior Vice President, Chief Corporate Planning and Marketing Officer at State Bank of Long Island, and from 1999-2006 he served as Senior Vice President, Chief Planning and Marketing Officer for Atlantic Bank of New York. Prior to 1999, Mr. Morris held senior retail banking positions with other financial institutions. Mr. Morris is a graduate of Adelphi University with a Bachelor’s Degree in Business and he is a veteran of the United States Army.

Neelesh Kalani

Mr. Neelesh Kalani is Senior Vice President, Chief Accounting Officer of the company. Before joining the Company, Mr. Kalani served as Senior Vice President and Controller of Harleysville National Corporation and Harleysville National Bank from December 2008 to June 2010, and Senior Vice President and Chief Accounting Officer of Willow Financial Bancorp. Inc. and Willow Financial Bank from January 2006 to December 2008. He served as an Accounting Manager of Comcast Cable Communications from July 2004 to January 2006. Prior thereto, he performed progressive roles at KPMG LLP, culminating as Audit Manager, in their financial services audit practice from November 1997 to July 2004. Mr. Kalani, a Certified Public Accountant (inactive), earned a Bachelor of Science degree in Accounting and Finance from Drexel University.

Anthony DImperio

Mr. Anthony M. DImperio is Senior Vice President, Chief Credit Officer of the company. Prior, from October 2014 to June 2015, Mr. D’Imperio was fulfilling the duties of the Chief Credit Officer on an interim basis. From July 2012 to September 2014, he was Director of Special Assets for the Bank. From 1996 to 2012, Mr. D’Imperio directed commercial loan workout activities for Wilmington Trust as Vice President and Division Manager for Special Assets. Mr. D’Imperio has been an adjunct instructor in the Finance Department of St. Joseph’s University, Philadelphia, Pennsylvania, for over 20 years. He holds a BS and MBA from St. Joseph’s University.

Jeffrey Brown

Mr. Jeffrey S. Brown is a Director of the Sun Bancorp Inc. He has been a director of the Company since 1999 and a director of the Bank since 2002. Mr. Brown is a member of the Board’s Risk and ALCO Committees. He is President and Vice Chairman of NFI Industries, Inc., a national, comprehensive provider of freight transportation, warehousing, third party logistics, contract manufacturing, and real estate development. Mr. Brown is also President of NFI Real Estate, one of the top real estate development companies in the industry. He is one of the general partners of The Four B’s, a partnership with extensive holdings primarily in the eastern United States. Mr. Brown is an officer and director of several other corporations and partnerships in the transportation, equipment leasing, insurance, warehousing and real estate industries. He serves on the Boards of several regional charities including the Board of Trustees of the Cooper Foundation. Mr. Brown earned his BA in Business Administration from the University of Miami. Sidney R. Brown, Chairman of the Board of Directors, is Jeffrey Brown’s sibling. The Board of Directors believes that Mr. Brown is qualified to serve on the Board due to his finance and real estate experience and his knowledge and understanding of the Company’s market.

Sidney Brown

Mr. Sidney R. Brown is a Director of the Company and the Bank. He has been Directors of the Company and the Bank and has been a director of the Company since 1990 and a director of the Bank since 2002. In addition to serving as a director, Mr. Brown served as Interim President and Chief Executive Officer of the Company from December 2013 to July 2014 and from February 2007 to January 2008. From 1990 to 2013, Mr. Brown also served as Treasurer and Secretary of the Company. Mr. Brown serves as Chair of the Executive Committee and is a member of the Board’s ALCO Committee. Mr. Brown is Chief Executive Officer of NFI Industries, Inc., a national, comprehensive provider of freight transportation, warehousing, third party logistics, contract manufacturing, and real estate development. Mr. Brown attended Georgetown University and graduated with a BSBA in 1979. He began his career working for Morgan Stanley in New York City as a financial analyst in the corporate finance department of the investment bank. He moved on to pursue his MBA at Harvard University. Graduating in 1983, he immediately joined the family business. Mr. Brown is a director of J & J Snack Foods Corp., Franklin Square Energy and Power Fund and Cooper Health System. Director Jeffrey S. Brown is Sidney Brown’s sibling.

F. Clay Creasey

Mr. F. Clay Creasey, Jr., CPA is an Independent Director of Sun Bancorp Inc. He has been a director of the Company and the Bank since 2014. Mr. Creasey serves as Chair of the Audit Committee and is a member of the Board’s ALCO Committee. Mr. Creasey was employed by Toys“R”Us, Inc. as Executive Vice President and Chief Financial Officer from May 2006 to June 2014. He joined Toys“R”Us, Inc. in 2006 with more than 25 years of financial management experience in the retail industry. Mr. Creasey began his retail career at Lucky Stores, a large, public grocery, where he spent 11 years in various corporate and division financial roles. More recently, he spent 13 years at Mervyn’s, a subsidiary of Target Corporation, where he served as their Chief Financial Officer for five years. He also spent one year as the financial head of Zoom Systems, a San Francisco-based start-up company in the automated retail sector. During his career, Mr. Creasey has been involved with several corporate and operational restructurings and financial turnarounds. Before entering the retail sector, Mr. Creasey spent two years as an Actuarial Analyst at Fireman’s Fund and six years as a Corporate Lending Officer with Crocker Bank. Mr. Creasey holds a bachelor’s degree and a Masters of Business Administration from Stanford University. He also is a Certified Public Accountant. With Mr. Creasey’s corporate leadership skills, experience with restructurings and financial turnarounds and expertise in risk management, regulatory compliance, credit and corporate lending, he is a valued member of the Company’s Board of Directors.

Peter Galetto

Mr. Peter Galetto, Jr., is an Independent Director of the Sun Bancorp Inc. He has been a director of the Company since 1990 and a director of the Bank since 2001. He is a member of the Board’s Executive Committee. Mr. Galetto is the President and CEO of Stanker&Galetto, Inc., an industrial building contractor located in Vineland, New Jersey. He is also Secretary/Treasurer of Tri-Mark Building Contractors, Inc., President of Dun-Rite Sand & Gravel, member of DG Solar Ventures and affiliated with various realty companies. Mr. Galetto is also Chairman of the Board of Inspira Health Network (formerly South Jersey Healthcare System which merged with Underwood Memorial Hospital), board member of Hendricks House and Hendricks House Foundation, board member of SJ Healthcare and Finance Council President of All Saints Parish. He has been honored by several organizations for his community service: Entrepreneur of the Year by the South Jersey Development Council, Gregor Mendel Award from St. Augustine Prep, Vineland Rotary Club Outstanding Vocational Accomplishments and the Order Sons of Italy in America Distinguished Golden Lion Award. He received a BS in Commerce and Engineering from Drexel University, majoring in Finance and Management. Mr. Galetto also graduated from Harvard Business School’s Owner/President Management Program. With his proven business leadership and management skills, in addition to his stature in the local business community, Mr. Galetto provides valuable perspective to the Board of Directors of the Company.

Eli Kramer

Mr. Eli Kramer is an Independent Director of the Sun Bancorp Inc. He has been a director of the Company and the Bank since 2004. Mr. Kramer serves as Chair of the Board’s Compensation Committee and is a member of the Board’s Risk Committee. Mr. Kramer has over 20 years of total bank board experience including over seven years as Vice Chair or Chairman at a previous bank. Mr. Kramer has been a principal in real estate development companies since 1976 and is the owner of CJ Management, LLC. He is also a principal in Arcturus Group, a real estate advisory and asset management firm serving the financial industry. He was a co-founder and Vice Chairman of the Board of Directors of Community Bancorp of New Jersey, prior to its acquisition by the Company. He also served as a Director and Chairman of the Board of Colonial State Bank. Mr. Kramer serves as a Trustee of the Jewish Educational Center, Elizabeth, NJ, the Holocaust Resource Center at Kean University, and the Trinitas Healthcare Foundation. He earned his BS in Management Science from the Stevens Institute of Technology. Mr. Kramer’s bank board experience, proven leadership and business management skills, knowledge of the New Jersey market, and stature in the community are all attributes that are highly valued as a director of the Company.

James Lockhart

Mr. James B. Lockhart is an Independent Director of the Company. Mr. Lockhart, Vice Chairman of WL Ross & Co. LLC, serves as a Director of Cascade Bancorp and its wholly-owned subsidiary, Bank of the Cascades, Oregon. As such, Mr. Lockhart's election to the Board is subject to the approval of the Federal Reserve Board under the Interlocks Act, which is pending. In addition, Mr. Lockhart has been appointed to the Board of Directors of the Bank, also subject to receipt of applicable regulatory approvals. Mr. Lockhart's appointment to the Board of Directors of the Bank has been approved by the Office of the Comptroller of the Currency under the Interlocks Act. Upon receipt of the Federal Reserve Board approval, the size of the Boards will be increased by one to eleven members and Mr. Lockhart will commence his service on both Boards, subject to re-election at the upcoming annual meeting of shareholders in May. Prior to joining WL Ross & Co. in 2009, Mr. Lockhart served as the Director of Federal Housing Finance Agency and Chairman of its Oversight Board, and Director of its predecessor agency, the Office of Federal Housing Enterprise Oversight. Prior to that, he served as Deputy Commissioner and Chief Operating Officer at the Social Security Administration. In addition to his directorship at Cascade Bancorp, Mr. Lockhart serves as a Director of Shellpoint Partners. A retired Lieutenant in the United States Navy, Mr. Lockhart holds an MBA from Harvard University and a BA from Yale University.

William Marino

Mr. William J. Marino is an Independent Director of Sun Bancorp, Inc. He has been a director of the Company since 2010 and a director of the Bank since 2011. Mr. Marino currently serves as Chair of the Board’s Nominating & Corporate Governance Committee and is a member of the Board’s Compensation and Executive Committees. He is a graduate of St. Peter’s College with a Bachelor of Science degree in Economics. Mr. Marino has over 40 years of experience in the health and employee benefits field, primarily in managed care, marketing and management. Mr. Marino is the retired Chairman, President and Chief Executive Officer of Horizon Blue Cross Blue Shield of New Jersey, the state’s largest health insurer. He joined Horizon BCBSNJ as Senior Vice President of Health Industry Services in January 1992, responsible for all aspects of Managed Care operations in New Jersey, as well as Market Research, Product Development, Provider Relations and Health Care Management, and became President and CEO in January 1994 and Chairman effective January 2010. Before joining Horizon BCBSNJ, Mr. Marino was Vice President of Regional Group Operations for New York and Connecticut for Prudential, capping a 23-year career with them. He is on the boards of directors of WebMD Health Corp. and Sealed Air Corporation, in which he serves as Chairman of the Board. In addition, Mr. Marino is a member of the board of a privately held corporation, Secura Home Health, LLC. Mr. Marino is member of the board of the New Jersey Performing Arts Center (NJPAC) and a member of the Board of the New Jersey Symphony Orchestra. He is a member of the Campaign Committee of Saint Vincent Academy and a member of the Board of Trustees of Delbarton School in Morristown. Mr. Marino is a recipient of the 1997 Ellis Island Medal of Honor. In 2007 he received The American Conference on Diversity’s Humanitarian of the Year Award. As a highly regarded business and philanthropic leader, one who has played an important role in policy and legislative matters in New Jersey.

Keith Stock

Mr. Keith Stock is an Independent Director of Sun Bancorp, Inc. He has been a director of the Company and the Bank since 2014. Mr. Stock currently serves as Chair of the Risk Committee and is a member of the Board’s Audit Committee. Since 2011, he has been Chairman and Chief Executive Officer of First Financial Investors, Inc., a financial services investment firm, and Senior Executive Advisor with The Brookside Group. Since 2014, Mr. Stock has served as Chairman of the Board and was previously a member of the executive office of Clarien Bank Limited. He also served as Chairman and Chief Executive Officer of Clarien Group Limited, the bank holding company. Mr. Stock is a registered securities professional with Sword Securities LLC, a FINRA registered broker dealer. From 2009 to 2011, Mr. Stock served as Senior Managing Director, Chief Strategy Officer and member of the Office of the CEO of TIAA-CREF. From 2004 to 2008 Mr. Stock served as President of MasterCard Advisors, LLC, the professional services business of MasterCard Worldwide. He was a member of the MasterCard Operating Committee and Management Council. Mr. Stock also previously served as Chairman and Chief Executive Officer of St. Louis Bank, FSB and First Financial Partners Fund I, LP, a private equity firm and bank holding company, as well as Chairman and President of Treasury Bank, Ltd. Earlier in his career, Mr. Stock was a senior executive and partner with A.T. Kearney, Capgemini, Ernst & Young and McKinsey & Company. He began his career with the Mellon Bank (now BNY Mellon). Mr. Stock is a director of the Bermuda Stock Exchange, the Foreign Policy Association and Independence Bancshares, Inc. He is a member of the Economic Club of New York and the Advisory Board of the Institute for Ethical Leadership, Rutgers University Business School.

Grace Torres

Ms. Grace C. Torres is an Independent Director of Sun Bancorp, Inc. She has been a director of the Company and the Bank since 2015. Ms. Torres is a member of the Board’s Audit, Nominating & Corporate Governance and Risk Committees. Since 2014, Ms. Torres has been a Trustee of Prudential Retail Mutual Funds, a retail mutual funds complex comprised of more than 60 mutual funds. From 1994 to 2014, Ms. Torres was Principal Financial Officer, Treasurer, Principal Accounting Officer and Senior Vice President of Prudential Investments LLC. Prior thereto, from 1989 to 1994, Ms. Torres was Vice President, Mutual Funds Administration, with Bankers Trust and, from 1981 to 1989, she was a Senior Manager, Audit Practice, with Ernst & Young. Ms. Torres is a Certified Public Accountant in the State of New York. She received a BS in Accounting and Management from New York University. Ms. Torres has been recognized as one of the top 50 Hispanic business executives by Hispanic Business magazine and LATINA Style magazine. Ms. Torres’ in-depth experience and expertise in the financial industry, specifically with respect to regulatory compliance and financial reporting, makes her a valued addition to the Company’s Board of Directors.

Mike Dinneen