SAMB - Sun American Bancorp operates as the holding company for Sun American Bank that offers various commercial banking products and services to small and medium sized businesses, individual investors, and consumers in southeast Florida. Its deposit products include NOW accounts, money market deposit accounts, regular checking accounts, regular savings accounts, certificates of deposit, and retirement savings plans. The company's loan portfolio includes mortgage loans, including commercial, industrial, and residential loans secured by real estate; commercial loans for working capital lines, purchases of machinery, and business expansion; and consumer loans, such as direct auto, home equity, home improvement, residential mortgage loans, and personal loans. In addition, Sun American Bancorp offers automated teller machines, safe deposit boxes, direct deposit, online banking, and cash management services, as well as provides wealth management services, such as investment and insurance products and services. As of December, 31, 2006, it operated 12 full-service branches and 1 limited service banking office in Miami-Dade, Broward, and Palm Beach counties. The company, formerly known as PCM Acquisition Group, Inc., was founded in 1992. It changed its name to PanAmerican Bancorp in 2001 and to Sun American Bancorp in 2006. Sun American Bancorp is headquartered in Baco Raton, Florida.
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4/6/08 at 12:55am