-
The slow M&A market gives the Pennsylvania bank little choice but to digest its two acquisitions and wait for conditions to improve, CEO Reuter says.
March 1
Susquehanna Bancshares (SUSQ) in Lititz, Pa., plans to raise up to $150 million through a senior notes public offering.
The $17.7 billion-asset company will use the capital and available cash to repay various debt, including $125 million in outstanding capital securities, about $50 million of trust-preferred securities and $21 million in subordinated notes issued by Tower Bancorp, Susquehanna said Wednesday. Susquehanna
The offering is expected to close Monday and involves 5.375% senior notes due in 2022.