EX-99.1 2 ex_1.htm EXHIBIT 1 ex_1.htm
 
 
EXHIBIT 1
 
 
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D
 
 
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree that only one statement containing the information required by Schedule 13D and any further amendments thereto need to be filed with respect to the beneficial ownership by each of the undersigned of shares of common stock of Sun Bancorp, Inc., a New Jersey corporation, and further agree that this Joint Filing Agreement be included as an exhibit to the Schedule 13D provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.  This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.
 
 
Dated: October 4, 2010
 


 
WL ROSS & CO. LLC
   
   
 
By:
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.,
   
its Managing Member
     
     
 
WLR SBI ACQUISITIONCO, LLC
   
   
 
By:
WLR Recovery Associates IV, L.P.,
   
its Sole Manager
 
By:
WLR Recovery Associates IV LLC,
   
its General Partner
 
By:
WL Ross Group, L.P.,
   
its Managing Member
 
By:
El Vedado, LLC,
   
its General Partner
     
     
 
By:
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.,
   
its Managing Member
     
     
 
WLR RECOVERY FUND IV, L.P.
   
   
 
By:
WLR Recovery Associates IV LLC,
   
its General Partner
 
By:
WL Ross Group, L.P.,
   
its Managing Member
 
By:
El Vedado, LLC,
   
its General Partner
     


 
 
 
 

     
 
By:
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.,
   
its Managing Member
     
     
 
WLR RECOVERY ASSOCIATES IV LLC
   
   
 
By:
WL Ross Group, L.P.,
   
its Managing Member
 
By:
El Vedado, LLC,
   
its General Partner
     
     
 
By:
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.,
   
its Managing Member
     
     
 
WL ROSS GROUP, L.P.
   
   
 
By:
El Vedado, LLC,
   
its General Partner
     
     
 
By:
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.,
   
its Managing Member
     
     
 
EL VEDADO, LLC
   
   
 
By:
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.,
   
its Managing Member
     
     
   
/s/ Wilbur L. Ross, Jr.
   
Wilbur L. Ross, Jr.