M&A Deal Summary

Susquehanna Bancshares Acquires Community Banks

On November 16, 2007, Susquehanna Bancshares acquired financial services company Community Banks for 860M USD

Acquisition Highlights
  • This is Susquehanna Bancshares’ 1st transaction in the Financial Services sector.
  • This is Susquehanna Bancshares’ largest (disclosed) transaction.
  • This is Susquehanna Bancshares’ 1st transaction in the United States.
  • This is Susquehanna Bancshares’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2007-11-16
Target Community Banks
Sector Financial Services
Buyer(s) Susquehanna Bancshares
Deal Type Add-on Acquisition
Deal Value 860M USD
Advisor(s) Griffin Financial Group LLC (Financial)
Mette, Evans & Woodside (Legal)

Target

Community Banks

Pennsylvania, United States
Community Banks, Inc. provides financial services. It operated branches in Pennsylvania and Maryland under the market names CommunityBanks and Blue Ball.

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Buyer(S) 1

Buyer

Susquehanna Bancshares

Lititz, Pennsylvania, United States
Category Company
Founded 1982
Sector Financial Services
Employees3,296
Revenue 872M USD (2013)
DESCRIPTION

Susquehanna Bancshares, Inc. is a financial services holding company. Susquehanna provides financial services through its subsidiaries at more than 230 branch locations in the mid-Atlantic region. In addition to its three commercial banks, through Susquehanna Wealth Management, Susquehanna offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services. Susquehanna also operates an insurance and employee benefits company, a commercial finance company, and a vehicle leasing company.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 4
Country (United States) 1 of 4
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 Stratton Holding Company

Plymouth, Pennsylvania, United States

Stratton Management provides equity management of assets for institutions, pensions, endowments and high net worth individuals.

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