C&N — which operates 35 banking offices in Pennsylvania, including in Paoli, Doylestown, and Newtown — has announced the completion of its acquisition of Susquehanna Community Bank.
“We are pleased to welcome Susquehanna’s shareholders, customers, and employees to our C&N family,” said C&N President and CEO Brad Scovill. “Susquehanna’s relationship-based, community-focused culture aligns well with C&N’s mission and values and strengthens our position to build more value for customers and communities in the Central Pennsylvania market.”
Upon completion of the merger, shareholders of Susquehanna became entitled to exchange each share of Susquehanna common stock owned for 0.80 shares of C&N common stock. Christian Trate, chairman at Susquehanna Community Bank, has been appointed to C&N’s board of directors.
Susquehanna Community Bank CEO David Runk and COO Jeffrey Hollenbach will join the C&N team as Executive Vice President and Strategic Advisor and Executive Vice President and Region President, respectively.
Learn more about C&N and its variety of banking solutions.
