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Susquehanna Bancshares is doing a sale-leaseback of 30 branches to improve its capital planning. But over the long term, and more importantly to the industry overall, it could also help the bank get out of branches that may one day become obsolete.
December 27 -
Susquehanna Bancshares (SUSQ) in Lititz, Pa., has sold 30 branches to a SunTrust Banks (STI) subsidiary and agreed to lease them back.
December 27 -
Michael Harrington will succeed current CFO Drew Hostetter, who plans retire at the end of the year, the $18 billion-asset company said Tuesday. Hostetter has held the position since 1996.
May 14 -
Cross-selling is a familiar concept for bankers. The chief revenue officer is not. Tower Bancorp Chairman and CEO Andrew Samuel is slated to become the chief risk officer at Susquehanna Bancshares in Litiz, Pa., which is buying Tower, in a deal expected to close in the first quarter of 2012.
September 1
Susquehanna Bancshares (SUSQ) in Lititz, Pa., has hired Kevin Burns as chief risk officer and executive vice president.
The $18 billion-asset company decided to appoint a leader for its risk management team "in light of increasing demands and regulatory focus on the discipline of risk management," Chairman and Chief Executive William Reuter said in a
Burns most recently served as director of governance, regulatory and risk management for Deloitte & Touche. He has also held risk management positions at Bank of America (BAC), JPMorgan Chase (JPM) and ABN AMRO/LaSalle Bank.
Burns "brings significant experience in risk management, financial services and credit, and he will serve as a valuable resource for our board's risk committee and departments throughout the company," Reuter said.
Susquehanna
