M&A Deal Summary

Truist Acquires Susquehanna Bancshares

On March 13, 2015, Truist acquired financial services company Susquehanna Bancshares for 2.5B USD

Acquisition Highlights
  • This is Truist’s 38th transaction in the Financial Services sector.
  • This is Truist’s 3rd largest (disclosed) transaction.
  • This is Truist’s 42nd transaction in the United States.
  • This is Truist’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-03-13
Target Susquehanna Bancshares
Sector Financial Services
Buyer(s) Truist
Deal Type Merger
Deal Value 2.5B USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Sullivan & Cromwell (Legal)

Target

Susquehanna Bancshares

Lititz, Pennsylvania, United States
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.

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Buyer(S) 1

Buyer

Truist

Charlotte, North Carolina, United States
Category Company
Founded 1872
Sector Financial Services
Employees49,218
Revenue 23.4B USD (2023)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 42 of 50
Sector (Financial Services) 38 of 42
Type (Merger) 1 of 2
State (Pennsylvania) 1 of 2
Country (United States) 42 of 50
Year (2015) 1 of 3
Size (of disclosed) 3 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 BankAtlantic

Fort Lauderdale, Florida, United States

BankAtlantic provides financial services., in was specialised in retail banking.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 The Bank of Kentucky Financial

Crestview Hills, Kentucky, United States

The Bank of Kentucky Financial Corp. is a provider of financial services.

Buy -
Mergr

Product

Company

Legal