Sun Bancorp in Mount Laurel, N.J., reported a second-quarter loss due to one-time charges related to its ongoing restructuring efforts.

The $2.9 billion-asset Sun Bancorp reported Thursday a net loss of $24.2 million, or 28 cents per share, compared with net income of $678,000, or one penny per share, a year earlier.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.