TITLE

Ross to Shore Up N.J.'s Sun; M&A Is a Ways Off

AUTHOR(S)
Davidson, Kate
PUB. DATE
July 2010
SOURCE
American Banker;7/14/2010, Vol. 175 Issue 107, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on Sun Bancorp Inc., a financial institution based in Vineland, New Jersey, which had secured a $100 million investment in July 2010 after struggling with losses since the first quarter of 2009. This enabled Sun Bancorp to fulfill an agreement it had made with the U.S. Office of the Comptroller of the Currency. Half of the investment came from a private equity group headed by Wilbur Ross.
ACCESSION #
52226187

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics