|By PR Newswire||
|February 11, 2014 11:45 AM EST||
MOUNT LAUREL, N.J., Feb. 11, 2014 /PRNewswire/ -- Sun National Bank has opened a Commercial Lending office in New York. Located at 112 West 34th Street in Manhattan, the office will serve the commercial financing and cash management needs of businesses throughout New York's five boroughs as well as Long Island and Westchester County. Leading Sun National Bank's New York efforts will be Marc Ravage, who will manage and grow the bank's current portfolio of New York City-based commercial clients, as well as develop new business opportunities.
Ravage has nearly 20 years of commercial banking leadership experience in the region, where he most recently served as vice president of commercial banking at First National Bank of New York. Ravage's expertise includes specialized commercial financing and treasury management for commercial, industrial and middle market companies, as well as hedge funds, real estate firms and professional services groups. He has held progressive leadership positions at Capital One, PNC Bank and Citibank. A graduate of Tufts University, Ravage is a member of the New York Tufts Alliance and Brooklyn Technical High School Alumni Association.
"Sun National Bank has a proven track record of providing specialized and sophisticated commercial financing solutions to New York City clients. We anticipate significant growth opportunities in the New York market, therefore we are further deploying our resources in this territory by opening a centralized Manhattan location and bringing on a leader with robust regional experience," said Brad Fouss, Executive Vice President and Director of Wholesale Banking for Sun National Bank.
"I'm thrilled to join Sun National Bank, a commercial lender with a compelling value proposition and a keen understanding of the greater New York City market," said Marc Ravage. "Sun National Bank's new Manhattan office further affirms the bank's investment in this market."
The New York City office complements Sun National Bank's Northern and Central New Jersey commercial lending operations, based, respectively, in Bloomfield, N.J. and Edison, N.J. The bank serves commercial customers in all 21 counties in New Jersey as well as New York, Pennsylvania and Delaware.
Sun Bancorp, Inc. (NASDAQ: SNBC) is a $3.09 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 50-plus locations in New Jersey. Sun National 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.sunnationalbank.com.
SOURCE Sun National Bank
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