-----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,
 NQ6yJwx2xIMJqtXmb92Qi4qUghglORYhGSeydVOfCFv3lD4ePPdsv8PYh7rDzOCE
 XBjovg3oHqQjehA1WN5o7w==

<SEC-DOCUMENT>0001422957-08-000001.txt : 20081010
<SEC-HEADER>0001422957-08-000001.hdr.sgml : 20081010
<ACCEPTANCE-DATETIME>20081010140736
ACCESSION NUMBER:		0001422957-08-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20081010
DATE AS OF CHANGE:		20081010
EFFECTIVENESS DATE:		20081010

FILER:

	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:			0330

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-49180
		FILM NUMBER:		081117895

	BUSINESS ADDRESS:	
		STREET 1:		9293 GLADES ROAD
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33434
		BUSINESS PHONE:		(561) 544-1908

	MAIL ADDRESS:	
		STREET 1:		9293 GLADES ROAD
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33434

	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>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001042521</cik>
        <entityName>Sun American Bancorp</entityName>
        <issuerAddress>
            <street1>9293 GLADES ROAD</street1>
            <street2></street2>
            <city>BOCA RATON</city>
            <stateOrCountry>FL</stateOrCountry>
            <zipCode>33434</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(561) 544-1908</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>PANAMERICAN BANCORP</previousName>
            <previousName>SOUTHERN SECURITY BANK CORP</previousName>
            <previousName>SOUTHERN SECURITY FINANCIAL CORP</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>E.</middleName>
                <lastName>Golden</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>K.</middleName>
                <lastName>Garrett</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alfredo</firstName>
                <middleName>M.</middleName>
                <lastName>Barreiro</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>T.</middleName>
                <lastName>Ross</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>F.</middleName>
                <lastName>Partridge</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alberto</firstName>
                <middleName></middleName>
                <lastName>Valle</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Leonard</firstName>
                <middleName>F.</middleName>
                <lastName>Marinello</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>F.</middleName>
                <lastName>Rosinus</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nelson</firstName>
                <middleName></middleName>
                <lastName>Famadas</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <middleName>L.</middleName>
                <lastName>Perrone</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>L.</middleName>
                <lastName>Nichols</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9293 Glades Road</street1>
                <street2></street2>
                <city>Boca Raton</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33434</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$25,000,001 - $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-09-25</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>2500</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Dawson James Securities, Inc.</recipientName>
                <recipientCRDNumber>130645</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>925 S. Federal Highway, Ste. 600</street1>
                    <street2></street2>
                    <city>Boca Raton</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <zipCode>33432</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>10000000</totalOfferingAmount>
            <totalAmountSold>375000</totalAmountSold>
            <totalRemaining>9625000</totalRemaining>
            <clarificationOfResponse>Includes proceeds from exercise of warrants.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>450000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>The placement agent shall also receive a warrant to purchase shares of common stock equal to 5% of the shares sold by the placement agent, at the exercise price of $3.50 per share.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Sun American Bancorp</issuerName>
                <signatureName>Robert Nichols</signatureName>
                <nameOfSigner>Robert Nichols</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2008-10-10</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----