Bailout Bank Bio: Susquehanna Banchshares

Jan 15, 2009 | 2 min read | Print Article

Susquehanna Bancshares, Inc. is a financial holding company that operates through its subsidiaries in the mid-Atlantic region. The company owns three commercial banks, a trust and investment company, an asset management company, a property and casualty insurance brokerage company, a commercial finance company, and a vehicle leasing company. In August 2007, Susquehanna Bancshares completed the acquisition of Widmann, Siff & Co., Inc., an investment advisory firm in Radnor, Pennsylvania. In May 2008, the Company completed the acquisition of Stratton Holding Company, an investment management company. Susquehanna Bancshares operates 235 branches and 28 free-standing automated teller machines. The company is based in Lititz, Pennsylvania.

As part of the Treasury Department’s Capital Purchase Program, Susquehanna Bancshares will receive $300 million in exchange for shares of Susquehanna preferred stock and warrants to purchase $45 million of Susquehanna common stock.

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Bailout Bank Bio: Susquehanna Bancshares


Federal Equity Investment	$300 million
Total Revenue	$658.67 million (2007) $856.7 million (2008)
Net Income	$69.09 million (2007) $82.6 million (2008)
Number of Employees	2,974
Corporate Headquarters	Lititz, Pennsylvania
Business Sector	Financial Services
Officers and Directors	William J. Reuter, Chief Executive Officer, Director Eddie L. Dunklebarger, President, Chief Operating Officer Drew K. Hostetter, Chief Financial Officer, Executive Vice President, Treasurer
Corporate Website	http://www.susquehanna.net/
Executive Compensation	Susquehanna Bancshares