SUN BANCORP INC
8-K, 2001-01-16
STATE COMMERCIAL BANKS
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                        Date of Report - January 16, 2001


                                SUN BANCORP, INC.
             (Exact Name of Registrant as Specified in its Charter)

         Pennsylvania                 0-14745                23-2233584
  ----------------------------     ------------       ----------------------
  (State of Other Jurisdiction      (Commission            (IRS Employer
      of Incorporation)            File Number)       Identification Number)


         2-16 South Market Street
         Selinsgrove, Pennsylvania                                 17870
  ----------------------------------------                       ----------
  (Address of Principal Executive Offices)                       (Zip Code)


     Registrant's Telephone Number (Including Area Code)  (570) 374-1131
                                                          --------------

                                    N/A
  --------------------------------------------------------------------------
         (Former name or former address, if changed since last report)



<PAGE>



Item 1.  CHANGES IN CONTROL OF REGISTRANT.
         ---------------------------------

         Not Applicable.

Item 2.  ACQUISITION OR DISPOSITION OF ASSETS.
         -------------------------------------

         Not Applicable.

Item 3.  BANKRUPTCY OR RECEIVERSHIP.
         ---------------------------

         Not Applicable.

Item 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
         ----------------------------------------------

         Not Applicable.

Item 5.  OTHER EVENTS.
         -------------

         Registrant files this Current Report on Form 8-K to submit a copy of
         Registrant's Press Release, dated January 16, 2001, regarding entering
         into a definitive agreement for the Registrant to acquire Guaranty
         Bank, N.A. through a merger of Guaranty with, into, and under the
         charter of SunBank.

Item 6.  RESIGNATIONS OF REGISTRANT'S DIRECTORS.
         ---------------------------------------

         Not Applicable.

Item 7.  FINANCIAL STATEMENTS AND EXHIBITS.
         ----------------------------------

         Exhibits:

         99   Press Release of Registrant, SUN Bancorp, Inc., dated January 16,
              2001, regarding entering into a definitive agreement for the
              Registrant to acquire Guaranty Bank, N.A.

Item 8.  CHANGE IN FISCAL YEAR.
         ----------------------

         Not Applicable.




<PAGE>



        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            SUN BANCORP, INC.
                                            (Registrant)


Dated: January 16, 2001                         /s/ Robert J. McCormack
                                           -----------------------------------
                                                  Robert J. McCormack
                                           President & Chief Operating Officer
                                              (Principal Executive Officer)



Dated: January 16, 2001                         /s/ Jonathan J. Hullick
                                           -----------------------------------
                                                  Jonathan J. Hullick
                                            Exec. VP & Chief Financial Officer
                                               (Principal Financial Officer)






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