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EX-99..1 - SUN BANCORP INC /NJ/pressrelease.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2015
Sun Bancorp, Inc.
(Exact name of registrant as specified in its charter)
New Jersey
0-20957
52-1382541
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
 
 
350 Fellowship Rd., Suite 101, Mt. Laurel, N.J.
08054
(Address of principal executive
Offices)
(Zip Code)
 
 
 
 
Registrant's telephone number, including area code (856) 691-7700
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-(b))
o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))










Item 8.01.  Other Events.
On March 31, 2015, Sun Bancorp, Inc. (the "Company"), announced that its wholly owned banking subsidiary, Sun National Bank, had agreed to sell one bank branch and related assets and liabilities to Cape Bank, and will consolidate nine other bank branches across seven counties in New Jersey.  The Company's press release announcing these actions is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.   Financial Statements and Exhibits

(d)  Exhibits
 
Exhibit 99.1  Press Release Dated March 31, 2015



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
SUN BANCORP, INC.
 
 
 
Date:  March 31, 2015
By:
/s/ Patricia M. Schaubeck                
 
 
 
Name: Patricia M. Schaubeck
 
 
 
Title:   Executive Vice President and
 
 
 
            General Counsel
 

 


EXHIBIT INDEX
Exhibit No.
Description of Exhibit
99.1
Press Release Dated March 31, 2015