Sun National Bank Named Recipient of Gloucester Township Economic Development Corporation Annual Award

VINELAND, N.J., March 10, 2011 /PRNewswire/ -- Sun Bancorp, Inc. (Nasdaq: SNBC), the parent company of Sun National Bank, announced that it was selected by the Gloucester Township Economic Development Corporation as the recipient for its annual Economic Development Award.  The bank was recognized for the development of its new environmentally-friendly Glendora branch, as well as community beautification efforts.

On March 7, 2011, the bank formally opened its new LEED-certified branch in the Glendora section of Gloucester Township.  The 3,200 square-foot solar-powered building operates as a full-service bank branch, open seven days each week. LEED is an internationally recognized green building certification system, verify that a building has been designed and built using strategies intended to use environmental resources efficiently, such as energy savings, water efficiency, CO2 emissions reduction, and improved indoor environmental quality. The branch features two drive-through lanes and an Automated Teller Machine (ATM) lane, in addition to a night depository and safe deposit boxes.  Additionally, the bank provided the community with a sign in front of the branch at the corner of Evesham Road and Black Horse Pike, which welcomes residents to Gloucester Township.

"This new branch office further enhances our ability to drive economic development to Camden County and Gloucester Township. We are proud to see our partnership efforts with Gloucester Township come to fruition, even in a challenging economy," said Thomas X. Geisel, President and CEO at Sun National Bank.  

Each year, the Gloucester Township Economic Development Corporation invites business owners and operators from Gloucester Township and surrounding Camden County region to attend its annual Business Breakfast, where Sun National Bank will be formally recognized.  "Sun National Bank took the lead in redeveloping a key landmark location in the township," said Joseph Angeloni, President of the Economic Development Corporation. "Formerly occupied by an abandoned gas station, Sun procured this key location, managed its remediation, and constructed a new bank branch that is both environmentally responsible, as well as an architectural landmark."  

About Sun Bancorp, Inc.

Sun Bancorp, Inc. (Nasdaq: SNBC) is a $3.42 billion asset bank holding company headquartered in Vineland and Mt. Laurel, New Jersey. Its primary subsidiary is Sun National Bank, a full service Commercial Bank serving customers through more than 60 locations in New Jersey. Sun National Bank has been named one of Forbes Magazine's "Most Trustworthy Companies" for five years running.  The Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the Federal Deposit Insurance Corporation (FDIC). For more information about Sun National Bank and Sun Bancorp, Inc., visit www.sunnb.com.  

About Gloucester Township Economic Development Corporation

The Gloucester Township Economic Development Corporation leads the community's economic development program. The EDC oversees an aggressive economic development program and strives to improve the economic climate in the Township by attracting new businesses and helping existing businesses expand. Membership includes key municipal officials and businesspersons. In conjunction with the EDC, the Township offers a variety of services to resident firms, developers and potential relocation prospects, including financial assistance and assistance at the regional and state level, negotiating the permitting and funding processes.

SOURCE Sun Bancorp, Inc.