Sun Bancorp, Inc. Reports Results of Annual Shareholder Meeting

Apr 27, 2001, 01:00 ET from Sun Bancorp, Inc.

    SELINSGROVE, Pa., April 27 /PRNewswire/ --
 Sun Bancorp, Inc., (Nasdaq:   SUBI) parent company of SunBank, announced the
 results of the Annual Meeting of Shareholders held April 26, 2001.
     Robert J. McCormack, president and chief executive officer, and Jonathan
 J. Hullick, executive vice president and chief financial officer, reported on
 the company's results for 2000 and for the first quarter of 2001.
     The following were elected to the company's Board of Directors for a three
 year term to expire at the 2004 Annual Meeting:
 
          Martha A. Barrick            Robert A. Hormell
          Max E. Bingaman              Robert J. McCormack
          Stephen J. Gurgovits         Marlin T. Sierer
 
     The following were elected to the company's Board of Directors for a two
 year term to expire at the 2003 Annual Meeting:
 
          M. Mitchell Fetterolf
          George E. Logue, Jr.
 
     Shareholders also approved ratification of the appointment of Parente,
 Randolph, PC as independent auditors for the year ending December 31, 2001.
 
     Sun Bancorp, with $800 million in assets, recently unified its four bank
 trade names -- Snyder County Trust Company, Central Pennsylvania Bank,
 Watsontown Bank, and Bucktail Bank -- under the SunBank name.  The company has
 18 offices and 34 ATMs in Snyder, Union, Northumberland, Lycoming, Elk, and
 Cameron counties.  Sun Bancorp recently announced plans to acquire Guaranty
 Bank, N.A., a $120 million bank headquartered in Wilkes-Barre.  In addition,
 the company is purchasing the Lock Haven and Mill Hall offices of Mellon Bank.
 Following these acquisitions, Sun will have 26 offices in eight Pennsylvania
 counties.  Sun Bancorp also operates Sun Asset Management, Sun Mortgage, Sun
 Leasing, and Sun Dealer Center, and is 75% owner in a limited liability
 company, Sun Abstract and Settlement Services.  For more information, visit
 the Bank's website at www.sunbankpa.com.
     The management of Sun Bancorp, Inc. has made forward-looking statements in
 this release.  Shareholders and investors should note that many factors could
 affect the future investment performance and financial results of Sun Bancorp.
 Inc. and could cause those results to differ materially from those expressed
 in the forward-looking statements contained in this information.
 
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SOURCE Sun Bancorp, Inc.
    SELINSGROVE, Pa., April 27 /PRNewswire/ --
 Sun Bancorp, Inc., (Nasdaq:   SUBI) parent company of SunBank, announced the
 results of the Annual Meeting of Shareholders held April 26, 2001.
     Robert J. McCormack, president and chief executive officer, and Jonathan
 J. Hullick, executive vice president and chief financial officer, reported on
 the company's results for 2000 and for the first quarter of 2001.
     The following were elected to the company's Board of Directors for a three
 year term to expire at the 2004 Annual Meeting:
 
          Martha A. Barrick            Robert A. Hormell
          Max E. Bingaman              Robert J. McCormack
          Stephen J. Gurgovits         Marlin T. Sierer
 
     The following were elected to the company's Board of Directors for a two
 year term to expire at the 2003 Annual Meeting:
 
          M. Mitchell Fetterolf
          George E. Logue, Jr.
 
     Shareholders also approved ratification of the appointment of Parente,
 Randolph, PC as independent auditors for the year ending December 31, 2001.
 
     Sun Bancorp, with $800 million in assets, recently unified its four bank
 trade names -- Snyder County Trust Company, Central Pennsylvania Bank,
 Watsontown Bank, and Bucktail Bank -- under the SunBank name.  The company has
 18 offices and 34 ATMs in Snyder, Union, Northumberland, Lycoming, Elk, and
 Cameron counties.  Sun Bancorp recently announced plans to acquire Guaranty
 Bank, N.A., a $120 million bank headquartered in Wilkes-Barre.  In addition,
 the company is purchasing the Lock Haven and Mill Hall offices of Mellon Bank.
 Following these acquisitions, Sun will have 26 offices in eight Pennsylvania
 counties.  Sun Bancorp also operates Sun Asset Management, Sun Mortgage, Sun
 Leasing, and Sun Dealer Center, and is 75% owner in a limited liability
 company, Sun Abstract and Settlement Services.  For more information, visit
 the Bank's website at www.sunbankpa.com.
     The management of Sun Bancorp, Inc. has made forward-looking statements in
 this release.  Shareholders and investors should note that many factors could
 affect the future investment performance and financial results of Sun Bancorp.
 Inc. and could cause those results to differ materially from those expressed
 in the forward-looking statements contained in this information.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X15168289
 
 SOURCE  Sun Bancorp, Inc.