OceanFirst Financial, holding company for OceanFirst Bank, acquired Sun National Bank’s holding company Sun Bancorp.
Sun National Bank provided PJW Restaurant Group and its affiliates with a $36 million master credit facility.
NewStar Business Credit, a division of NewStar Financial, announced it hired W. Calvin Navatto as a senior vice president in its New York City office.
Sun Bancorp announced executive appointments subject to OCC regulatory non-objection. Upon approval, Nicos Katsoulis will join as EVP and chief lending officer, and Anthony J. Morris as EVP and chief banking officer.
Sun National Bank has grown its commercial lending team to expand its focus in Central New Jersey. The bank has appointed Patrick Farrell, Steven Forleiter and Brian Schoener.
Sun National Bank named Imran Riaz chief credit officer and senior vice president. Riaz joined Sun from TD Bank where he most recently served as managing senior credit officer.