- The hiring of Nicos Katsoulis as Chief Lending Officer and Anthony Morris as Chief Banking Officer was announced in July, and Sun National Bank (NASDAQ:SNBC) today says the hires have been green-lighted by the Fed and OCC.
- The Wilbur Ross-backed lender this summer announced a major restructuring under new CEO Thomas O'Brien in which unprofitable business lines were to be exited, allowing the bank to focus on being a commercial lender.
- Source: Press Release