Home
|
Site Map
|
Contact Us
Search
Customer Service:
800.311.3182
PERSONAL BANKING
BUSINESS BANKING
WEALTH MANAGEMENT
CUSTOMER SERVICE
INVESTOR RELATIONS
ABOUT US
CAREERS
Please Enable JavaScript in Your Web Browser. Click
here
for more details.
My Accounts Login...
Internet Banker
E-docs Login
401(k) Access
Trust Web
Mortgage Broker
Check Today's Rates...
Checking
Savings
CDs
IRAs
Installment Loans
Mortgage Rates
Lines of Credit
Business Checking
Business Savings
Business CDs
Search for:
Branch Locations
ATM Locations
Zip Code:
or
City:
State:
DC
DE
MD
NJ
PA
VA
WV
Advanced Search
Capital Purchase Program
Susquehanna’s Participation in the Capital Purchase Program
Susquehanna Bancshares, Inc., received $300 million in capital through the U.S. Treasury Department’s Capital Purchase Program, a voluntary program that provided capital to financially healthy banks so that they can lend that money back into their communities. We opted to pursue this source of additional capital funding because we believe it is in the best interests of our customers, shareholders and the communities we serve.
Susquehanna has been and continues to be a key player in providing financing to businesses and consumers in our markets. The capital we received through this government program is one additional source of funding for loans to local residents and businesses, which drives economic growth.
It is also important to note that this U.S. Treasury funding is not a give-away by the government. The Treasury Department made an investment in Susquehanna preferred shares and is receiving a 5% annual dividend. In the future, the government will be able to redeem these shares and recoup its investment.
There is no doubt that our country is experiencing severe economic challenges. In our 100-year history, Susquehanna has developed a record of conservative financial management and strong credit quality. We have navigated both good and bad economic times, and we put that experience to work for our customers, shareholders and neighbors every day.
For more information about our participation in the U.S. Treasury Capital Purchase Program, please read the
press release
we issued on November 19, 2008.
Print this Page
Email this Page
Terms & Conditions
|
Privacy
|
Security
|
Equal Housing Opportunity
|
Member FDIC
Copyright ©
2009
Susquehanna Bancshares, Inc.
Susquehanna Bank 1570 Manheim Pike Lancaster, PA 17604-3300
Email This Page
Please fill out the form below to send someone the link to:
Susquehanna Bank > About Us > Susquehanna Approved for U.S. Treasury Capital Purchase Program
Your Name:
Your Email Address:
Email to send the link to:
Comments:
I found this page (Susquehanna Bank > About Us > Susquehanna Approved for U.S. Treasury Capital Purchase Program) at Susquehanna.net and thought you might find it of interest.