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Farmers & Merchants takes name of Susquehanna Bank

April 18, 2005

Farmers & Merchants Bank and Trust, a subsidiary of Susquehanna Bancshares Inc., has changed its name to Susquehanna Bank and consolidated with its sister-bank affiliates Citizens Bank of Southern Pennsylvania, Greencastle, Pa.; First American Bank of Pennsylvania, Everett, Pa.; and Susquehanna Bank, Towson, Md.

The consolidation and name change took effect after the close of business Friday, according to a release.

The Maryland state-chartered Susquehanna Bank will have $2.8 billion in combined assets, 589 employees and will operate 58 banking offices.

Citizens Bank of Southern Pennsylvania, Farmers & Merchants Bank and Trust, First American Bank of Pennsylvania and Susquehanna Bank have been affiliated with Susquehanna Bancshares and its family of banks since 1983, 1989, 1998 and 1995 respectively.

No branches were closed as a result of the consolidation and name change, according to the release. Susquehanna Bank will be headquartered in Hagerstown, with executive management offices in both Hagerstown and Towson, Md.

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Susquehanna announced the consolidation plan in October 2004 in conjunction with the launch of its new branding strategy to unify the company's financial services affiliates under a common master brand, the release said.

The branding and realignment provides customers easier access to more banking offices and creates banks of greater size, the release said.

"Customer feedback has been very positive in the markets where we've implemented the new, common brand," said Susquehanna Chairman, President and CEO William J. Reuter. "Customers are finding it easier to locate and access our many banking offices, especially as their leisure travels take them from county to county and state to state."

Susquehanna is a financial services holding company, operating in multiple states, with assets of $7.5 billion. It provides financial services through its subsidiaries at more than 175 locations in the mid-Atlantic region.

In addition to commercial banks, Susquehanna operates a trust and investment company, an asset management company, a property and casualty insurance brokerage company, a commercial leasing company and a vehicle leasing company.

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