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F&M Bank's Reuter promoted to CEO of parent company

March 05, 2001

F&M Bank's Reuter promoted to CEO of parent company



William J. Reuter, chairman of Farmers & Merchants Bank and Trust of Hagerstown, is being promoted to chief executive officer of his bank's parent holding company.

Reuter, who is president of Susquehanna Bancshares Inc., will succeed Susquehanna's retiring CEO Robert S. Bolinger following the company's annual shareholder meeting May 25, the company said.

Reuter will leave Hagerstown this spring for a home near the company's Lititz, Pa., headquarters, said Drew Hostetter, chief financial officer.

Susquehanna Bancshares is the holding company for eight banks, one savings bank, two leasing companies, a credit life reinsurance company, a trust and investment company and an asset management company. Its combined assets are about $4.8 billion.

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Reuter served as president and CEO of F&M from 1985 until 2000. Before that, he worked for Equitable Bank, N.A., in Baltimore for 12 years.

Reuter has served on the board of directors of the Maryland Chamber of Commerce as well as community organizations, including Hagerstown Community College, the Greater Hagerstown Committee and the Maryland Symphony Orchestra.

Jim Pierne is now president and CEO of F&M.

- Laura Ernde

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