SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1)
SUN BANCORP, INC.
-------------------------------
(Name of Issuer)
Common Stock $1.00 Par Value Per Share
---------------------------------------------
(Title of Class of Securities)
86663B 10 2
-------------------
(CUSIP Number)
December 31 , 1999
----------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
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CUSIP No. 8666B 10 2 13G Page 2 of 9 Pages
---------------------------------------------------- -----------------------------------------------------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Bernard A. Brown
------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
233,064 Shares
SHARES ----------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
1,755,678 Shares
OWNED BY ----------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
974,778 Shares
REPORTING ----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
1,755,678 Shares
------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,730,456 Shares
------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
27.525%
------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 8666B 10 2 13G Page 3 of 9 Pages
---------------------------------------------------- -----------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Shirley G. Brown
------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
--
SHARES ----------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
430,140 Shares
OWNED BY ----------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
--
REPORTING ----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
430,140 Shares
------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
430,140 Shares
------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.687%
------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 8666B 10 2 13G Page 4 of 9 Pages
---------------------------------------------------- -----------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) # 21-0608702
Vineland Construction Company
------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
1,095,309 Shares
SHARES ----------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
--
OWNED BY ----------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
1,095,309 Shares
REPORTING ----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
--
------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,095,309 Shares
------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.934%
------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 8666B 10 2 13G Page 5 of 9 Pages
---------------------------------------------------- -----------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) # 51-0296423
NFI Capital Corp.
------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
105,496 Shares
SHARES ----------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
--
OWNED BY ----------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
105,496 Shares
REPORTING ----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
--
------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,496 Shares
------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.149%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 8666B 10 2 13G Page 6 of 9 Pages
---------------------------------------------------- -----------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) # 22-6083927
THE BROWN FOUNDATION
------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
124,733 Shares
SHARES ----------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
--
OWNED BY ----------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
124,733 Shares
REPORTING ----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH
--
------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,733 Shares
------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [_]
N/A
------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.359%
------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
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Item 1(a). Name of Issuer:
---------------------------
Sun Bancorp, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------------------
226 Landis Avenue, Vineland, New Jersey 08360
Item 2(a). Name of Person Filing:
---------------------------------
Bernard A. Brown, Shirley G. Brown and Vineland Construction Company.
Bernard and Shirley Brown are husband and wife, and each own 50 percent of
Vineland Construction Company. NFI Capital Corp. is a Delaware Corporation of
which Mr. Brown is President. The Brown Foundation is a private tax-exempt
entity of which Mr. Brown is a Trustee and Fund Manager.
Item 2(b). Address of Principal Business Office or, if None, Residence:
----------------------------------------------------------------------
71 West Park Avenue, Vineland, New Jersey 08360
Item 2(c). Citizenship:
-----------------------
Mr. and Mrs. Brown are citizens of the United States. Vineland
Construction Company is a New Jersey corporation. NFI Capital Corp. is a
Delaware Corporation. The Brown Foundation is a private, tax-exempt foundation
registered in New Jersey.
Item 2(d). Title of Class of Securities:
----------------------------------------
Common Stock, $1.00 par value per share.
Item 2(e). CUSIP Number:
------------------------
86663B 10 2
Item 3.
Not Applicable.
Item 4. Ownership:
------------------
The following information relates to the reporting persons' ownership
as of December 31, 1999.
(a) Amount beneficially owned:
Mr. Brown
---------
2,730,456 shares *
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Mrs. Brown
----------
430,140 shares **
Vineland Construction Company
-----------------------------
1,095,309 shares
NFI Capital Corp.
-----------------
105,496 shares
The Brown Foundation
--------------------
124,733 shares
(b) Percent of Class:
Mr. Brown
---------
27.525%
Mrs. Brown
----------
4.687%
Vineland Construction Company
-----------------------------
11.934%
NFI Capital Corp.
-----------------
1.149%
The Brown Foundation
--------------------
1.359%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
Mr. Brown
---------
233,064 shares
Mrs. Brown
----------
--
Vineland Construction Company
-----------------------------
1,095,309 shares
NFI Capital Corp.
-----------------
105,496 shares
-8-
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The Brown Foundation
--------------------
124,733 shares
(ii) Shared power to vote or to direct the vote
Mr. Brown
---------
1,755,678 shares *
Mrs. Brown
----------
430,140 shares **
Vineland Construction Company
-----------------------------
--
NFI Capital Corp.
-----------------
--
The Brown Foundation
--------------------
--
(iii) Sole power to dispose or to direct the disposition of
Mr. Brown
---------
974,778 shares***
Mrs. Brown
----------
--
Vineland Construction Company
-----------------------------
1,095,309 shares
NFI Capital Corp.
-----------------
105,496 shares
The Brown Foundation
--------------------
124,733 shares
(iv) Shared power to dispose or to direct the disposition
of
Mr. Brown
---------
1,755,678 shares *
Mrs. Brown
----------
430,140 shares **
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Vineland Construction Company
-----------------------------
--
NFI Capital Corp.
-----------------
--
The Brown Foundation
--------------------
--
-----------
* Includes shares held by Shirley G. Brown, Vineland Construction Company,
NFI Capital Corp. and The Brown Foundation.
** Includes shares held by Vineland Construction Company.
*** Includes 741,714 shares underlying options which are exercisable within 60
days of December 31, 1999.
Item 5. Ownership of Five Percent or Less of a Class:
-----------------------------------------------------
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
------------------------------------------------------------------------
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
-------------------------------------------------------------------------------
Security Being Reported on by the Parent Holding Company or Control
-------------------------------------------------------------------
Person:
-------
Not Applicable.
Item 8. Identification and Classification of Members of the Group:
-------------------------------------------------------------------
Not Applicable.
Item 9. Notice of Dissolution of Group:
---------------------------------------
Not Applicable.
Item 10. Certification:
-----------------------
Not Applicable.
Exhibits
--------
99.1 Joint Filing Agreement*
* Incorporated by reference to identically numbered exhibit to the
Schedule 13G filed by the parties on February 13, 1998.
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SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.
Date: June 15, 2000 /s/Bernard A. Brown
-------------------
Bernard A. Brown
