-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FrV/hb8GRBUyFxqqWuE+BOAwZ7KQJRWPqnK3yeJCdDWQWh6UVQ+IIdWRpJOJxtgS
 +Pivb0t+xbqVnqJJQp+XKQ==

<SEC-DOCUMENT>0001116502-06-001232.txt : 20060615
<SEC-HEADER>0001116502-06-001232.hdr.sgml : 20060615
<ACCEPTANCE-DATETIME>20060615172641
ACCESSION NUMBER:		0001116502-06-001232
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060613
FILED AS OF DATE:		20060615
DATE AS OF CHANGE:		20060615

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GOLDEN MICHAEL
		CENTRAL INDEX KEY:			0001136337

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32183
		FILM NUMBER:		06908150

	BUSINESS ADDRESS:	
		STREET 1:		VFINANCE COM INC
		STREET 2:		3010 NORTH MILITARY TRAIL SUITE 300
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431
		BUSINESS PHONE:		5619811001

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sun American Bancorp
		CENTRAL INDEX KEY:			0001042521
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				650325364
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0728

	BUSINESS ADDRESS:	
		STREET 1:		3400 CORAL WAY
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33451
		BUSINESS PHONE:		305-421-6800

	MAIL ADDRESS:	
		STREET 1:		3400 CORAL WAY
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33451

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANAMERICAN BANCORP
		DATE OF NAME CHANGE:	20020823

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN SECURITY BANK CORP
		DATE OF NAME CHANGE:	19971125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN SECURITY FINANCIAL CORP
		DATE OF NAME CHANGE:	19970715
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>x1-55295_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-06-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001042521</issuerCik>
        <issuerName>Sun American Bancorp</issuerName>
        <issuerTradingSymbol>SBK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001136337</rptOwnerCik>
            <rptOwnerName>GOLDEN MICHAEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SUN AMERICAN BANCORP</rptOwnerStreet1>
            <rptOwnerStreet2>3400 CORAL WAY</rptOwnerStreet2>
            <rptOwnerCity>MIAMI</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33145</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President &amp; Chief Exe. Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-06-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>200</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>5.40</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <valueOwnedFollowingTransaction>
                    <value>223207</value>
                </valueOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the
 purposes of Section 16 of the Securities Exchange Act of 1934 (as amended), the beneficial owner of any equity securities
 covered by this Statement, or (b) that this Statement is legally required to be filed by such person.</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael E. Golden</signatureName>
        <signatureDate>2006-06-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----