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Saturday, November 28, 2009, 11:28AM ET - U.S. Markets Closed. Dow Down 1.48% Nasdaq Down 1.73%
Sun American Bancorp (SAMB)On Nov 27: 0.1401  Down 0.0099 (6.60%)  
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Sun American Bancorp
9293 Glades Road
Boca Raton, FL 33434
United States - Map
Phone: 561-544-1908
Fax: 561-487-1991
Web Site: http://www.sunamericanbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:117

BUSINESS SUMMARY 
Sun American Bancorp operates as the holding company for Sun American Bank, which provides various commercial banking products and services to small to medium sized businesses, individual investors, and consumers in Miami-Dade, Broward, Palm Beach, and Martin Counties of Florida. Its deposit product line includes checking accounts, such as interest-earning, low-cost checking, and senior checking; NOW accounts; savings accounts; money market accounts; certificates of deposits; and retirement savings plans. The company’s loan product portfolio comprises mortgage loans, including commercial, industrial, and residential loans secured by real estate; commercial loans consisting of loans for working capital, purchases of machinery, and business expansion; and consumer loans, such as direct auto, home equity, home improvement, residential mortgage loans, and personal loans. It also offers various services, including a merchant credit card program, automated teller machines, safe deposit boxes, direct deposit, on-line banking, and cash management services. As of December 31, 2008, Sun American Bancorp operated five branches in Miami–Dade County, two branches in Broward County, six branches in Palm Beach County, and one branch in Martin County. The company was formerly known as PanAmerican Bancorp and changed its name to Sun American Bancorp in January 2006. Sun American Bancorp was founded in 1992 and is headquartered in Boca Raton, Florida.
Key Statistics

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    CORPORATE GOVERNANCE 
    Sun American Bancorp's Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 62.3% of CGQ Universe companies and 46.9% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Michael E. Golden , 64
    Chief Exec. Officer, Pres, Director, Chairman of Sun American Bank, Chief Exec. Officer of Sun American Bank and Pres of sunAmerican Bank
    N/A N/A
    Mr. Robert L. Nichols , 50
    Chief Financial Officer, Principal Accounting Officer, Sr. VP, Sec., Treasurer, Chief Financial Officer of Sun American Bank and Exec. VP of Sun American Bank
    N/A N/A
    Mr. Robert K. Garrett , 47
    Chief Lending Officer of Sun American Bank and Exec. VP of Sun American Bank
    N/A N/A
    Mr. Alfredo M. Barreiro , 42
    Chief Operations Officer, Exec. VP and Chief Operations Officer of Sun American Bank
    N/A N/A
    Mr. William T. Ross , 60
    Exec. VP of Sales and Service - Sun American Bank
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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