SUN BANCORP, INC. (NASDAQ:SNBC) Files An 8-K Results of Operations and Financial Condition

SUN BANCORP, INC. (NASDAQ:SNBC) Files An 8-K Results of Operations and Financial Condition
Item 2.02

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Results of Operations and Financial Condition

OnJuly 26, 2017, the Registrant issued a press release to reportsecond quarter 2017 earnings per share. A copy of the press release is furnished with this Form 8-K as an exhibit and incorporated by reference herein.

On June 30, 2017, the Company entered into a definitive agreement with OceanFirst Financial Corp. (NASDAQ: OCFC) (“OceanFirst”), to which the Company will merge with and into OceanFirst with OceanFirst as the surviving entity (the “Merger”).The Merger is expected to close in the first quarter of 2018, subject to each company receiving the required approval of its shareholders, receipt of all required regulatory approvals and other customary closing conditions.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits:

99 Press Release datedJuly 26, 2017


EX-99.1 2 snbc-ex991_6.htm EX-99.1 snbc-ex991_6.htm   Exhibit 99 For Immediate Release     Contact:Mike Dinneen Senior Vice President,…
To view the full exhibit click here


Sun Bancorp, Inc. is a bank holding company. The Company’s principal subsidiary is Sun National Bank (the Bank). Through the Bank, it provides an array of community banking services to consumers, small businesses and mid-size companies. The lending services to businesses include term loans, lines of credit and commercial mortgages. The commercial deposit services include business checking and money market accounts, and cash management solutions, such as online banking, electronic bill payment, lockbox services, remote deposit and controlled disbursement services. Its lending services to consumers consist primarily of lines of credit of overdraft sweeps. Its consumer deposit services include checking accounts, savings accounts, certificates of deposit and individual retirement accounts. In addition, the Company, through its subsidiary, Prosperis Financial Solutions, LLC., offers client access to mutual funds, securities brokerage, annuities and investment advisory services.

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