Griffin Advises Community Banks in Merger with Susquehanna Bancshares
Griffin served as exclusive financial advisor to Community Banks, Inc. in its merger with Susquehanna Bancshares, Inc. Griffin assisted the $3.8 billion central Pennsylvania-based bank in a strategic alternatives study and in managing the process to find a merger partner. The study and process led to the announcement of an agreement for Susquehanna Bancshares to merge with Community Banks in an $860 million stock and cash transaction.
The merger of Community with Lititz, PA-based Susquehanna expanded Susquehanna’s presence in southeastern Pennsylvania and the Mid-Atlantic region, particularly in the Berks, York and Lancaster markets. At closing, the combined company has more than $12 billion in assets and approximately $2 billion in market capitalization.