Sun National Bank Appoints New Director of Wholesale Banking

VINELAND, N.J., May 6 /PRNewswire-FirstCall/ -- Sun National Bank today announced that Derek W. Chauvette was appointed Executive Vice President and Director of Wholesale Banking. In that role, he will manage all commercial banking efforts and drive key strategic initiatives to expand lines of business, including wholesale lending, deposits, cash management, and government banking. He will also lead the bank's growing specialty segment business lines, including Healthcare, Real Estate, Asset-based Lending, CRA and Solar Financing. Derek will report directly to the CEO.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100506/PH00823 )

"We are pleased to have Derek join Sun and assist in our focus to continue to expand our Commercial Banking operations," said Thomas X. Geisel, president and CEO of Sun National Bank. "He brings an array of strategic management and business development experience across multiple product lines to our team. As we continue to innovate and diversify our product offering in the commercial banking arena, Derek is the perfect individual to drive this effort."

Chauvette joins Sun from KeyCorp in Cleveland, where he most recently served as National Business Executive for the Public Sector group, with responsibility for managing more than 50 professionals focused on providing Capital Market and Banking solutions to governmental, educational and non-profit organizations. In that role, he was responsible for driving revenue from multiple product lines including cash management, leasing, derivatives and public finance groups. He held several progressive management roles at KeyCorp, including National Sales Manager of the organization's Corporate Investment Services Group and Vice President of Fixed Income Sales.  

Sun Bancorp, Inc. (Nasdaq: SNBC) is a $3.6 billion asset bank holding company headquartered in Vineland, New Jersey. Its primary subsidiary is Sun National Bank, serving customers through 70 locations in New Jersey. The Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC. For more information about Sun National Bank and Sun Bancorp, Inc., visit www.sunnb.com

SOURCE Sun National Bank

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