Sun Bancorp Inc. in Vineland, N.J., has chosen its next president and chief executive officer, ending an 11-month search.
Thomas X. Geisel will succeed Sidney R. Brown at the $3.3 billion-asset company and its Sun National Bank, effective Jan. 7. Mr. Brown, who is also the vice chairman of the company and the bank, took on the additional titles of interim president and CEO in early February, shortly after the board forced out Thomas A. Bracken.
Mr. Geisel, 46, is currenly a regional president at KeyBank, a unit of the $97 billion-asset KeyCorp in Cleveland. His region includes parts of New York, New England and Florida and has assets of about $20 billion and revenue exceeding $550 million. He has 20 years of banking experience and joined KeyCorp in 1999 as a managing director of investment banking for the east and west regions at its KeyBanc Capital Markets unit.
"As the senior representative for Key over a very large geographic area, he has been responsible for growing the client base in the retail banking, business banking, commercial banking and private banking franchises, with accountability for the region's revenue, expense management, profit and credit quality, and determining the region's strategic direction," Mr. Brown in a press release. "He previously lived in New Jersey for many years and has extensive business and community contacts in our state."
