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
December 15, 2005
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Date of Report
(Date of earliest event reported)
Sun Bancorp, Inc.
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(Exact name of Registrant as specified in its Charter)
New Jersey 0-20957 52-1382541
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(State or other jurisdiction (SEC Commission (IRS Employer
of incorporation) File No.) Identification
Number)
226 Landis Avenue, Vineland, New Jersey 08360
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (856) 691-7700
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Not Applicable
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(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
SUN BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Section 5 - Corporate Governance and Management
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On December 15, 2005, Audrey S. Oswell, a director of the Registrant, submitted
notice to the Board of Directors that she will resign from the Registrant's
Board of Directors and from the Board of Directors of Sun National Bank, the
Registrant's wholly-owned subsidiary, effective as of December 31, 2005. Ms.
Oswell will become a director of the Federal Reserve Bank of Philadelphia
effective January 1, 2006, and this appointment requires her to divest of any
interest in banks.
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: December 20, 2005 By: /s/Dan A. Chila
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Dan A. Chila
Executive Vice President
and Chief Financial Officer