Wednesday, November 12, 2014

Susquehanna Bank Sold to BB&T

Susquehanna Bank, based out of Lancaster, which has branches in Ashland, Saint Clair, and Pottsville within Schuylkill County, was sold to BB&T out of North Carolina for $2.5 billion.  Susquehanna shareholders will receive a portion of shares of BB&T stock and $4 cash for each of their shares.

All employees are reported to keep their jobs.  The deal will close in 2015.

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