Susquehanna Bank was a

Lancaster, Pennsylvania Lancaster ( ) is a city in Lancaster County, Pennsylvania, United States, and its county seat. With a population of 58,039 at the 2020 United States census, 2020 census, it is the List of municipalities in Pennsylvania, eighth-most populous ci ...

-based bank which operated over 260 branches in four states including

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

New Jersey New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...

, and

West Virginia West Virginia is a mountainous U.S. state, state in the Southern United States, Southern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States.The United States Census Bureau, Census Bureau and the Association of American ...

. Susquehanna Bank's parent company was Susquehanna Bancshares, Inc. () a regional

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

based in

Lititz, Pennsylvania Lititz is a Borough (Pennsylvania), borough in Lancaster County, Pennsylvania, United States, north of Lancaster, Pennsylvania, Lancaster. As of the 2020 United States census, 2020 census, it had a population of 9,370. History Lititz was ...

with assets of approximately and 3,400 employees.

History

Susquehanna Bank was founded in 1901 as the Farmers National Bank of Lititz. In 1972 this bank changed its name to Farmers First Bank, and beginning in the 1970s it began to acquire other banks in the region, establishing Susquehanna Bancshares as its holding company in 1982 and expanding its reach into the states south of Pennsylvania beginning in the late 1980s. In 2004, Susquehanna Bancshares consolidated its operations into three banks, all using the Susquehanna name. The company continued to expand, including two large acquisitions in 2008. In 2008, Susquehanna Bank acquired the

naming rights Naming rights are a financial transaction and form of advertising or memorialization where a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event (most often sports venues), typical ...

to the

Susquehanna Bank Center The Freedom Mortgage Pavilion is an outdoor amphitheatre and indoor theater complex in Camden, New Jersey located in the Camden Waterfront entertainment district on the Delaware River across from Philadelphia. Since it opened in June 1995, the v ...

Camden, New Jersey Camden is a City (New Jersey), city in Camden County, New Jersey, Camden County, in the U.S. state of New Jersey. It is part of the Delaware Valley metropolitan region. The city was incorporated on February 13, 1828.Snyder, John P''The Story of ...

. In 2011, Susquehanna Bank announced its purchase of Abington Bank. In 2014, BB&T (now

Truist Financial Truist Financial Corporation () is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks ...

), announced the acquisition of Susquehanna Bank. The deal was finalized on August 3, 2015, and all Susquehanna Bank branches, as well as the Entertainment Center in Camden, were converted to BB&T four months later.

References

{{Reflist, 1 Banks established in 1901 Banks disestablished in 2015 Defunct banks of the United States Defunct companies based in Pennsylvania History of Lancaster, Pennsylvania 2015 mergers and acquisitions