Sun Bancorp (SNBC)

[Enterprising Investor]

SNBC Names Albert J. Celini Chief Risk Officer (12/17/12)

VINELAND, N.J., Dec. 17, 2012 /PRNewswire/ -- Sun National Bank has named Albert J. Celini Executive Vice President and Chief Risk Officer. Celini will oversee the credit, operational and market risk management of the bank and work closely with Sun's legal and compliance teams to manage and mitigate regulatory risk.

Prior to joining Sun, Celini was Vice President, Regulatory Advisory & Strategy at Freddie Mac in McLean, Virginia. His twenty-five year career spans both functional and business leadership roles within major financial institutions, and his expertise encompasses finance, risk management, regulatory compliance, governance and strategic business development. Celini also spent a decade at Ally Bank, where he served as founding Chief Financial Officer, Chief Risk Officer and Director of Lending Development, as the Bank grew from start-up to maturity. Other past roles include Financial Officer at Citibank and public accountant with Arthur Andersen & Co.

A Certified Public Accountant, Celini earned a Bachelor of Science degree in Accounting and Finance from Fordham University. He recently served on the board of directors of MERS Corporation and held executive board roles at both Delaware Community Investment Corporation and Bucks County Boy Scouts of America.

"We welcome Al to Sun and look forward to his guidance and leadership as Chief Risk Officer, a vitally important role in our organization," said Thomas X. Geisel , President and CEO, Sun National Bank . "Al joins an accomplished group of credit and risk professionals here at Sun and no doubt will contribute greatly to our overall goal of strengthening and growing the company."

About Sun

Sun Bancorp, Inc. (Nasdaq: SNBC) is a $3.18 billion asset bank holding company headquartered in Vineland, New Jersey, with its executive offices located in 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 was named one of Forbes magazine's "Most Trustworthy Companies" for five consecutive years. 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.

SOURCE Sun National Bank

http://www.prnewswire.com/news-releases/sun-national-bank-names-albert-j-celini-chief-risk-officer-183830771.html