HAGERSTOWN - Susquehanna Bancshares Inc. has approved the consolidation of its three banking subsidiaries, including Susquehanna Bank Hagerstown, into one subsidiary.
The move is being made to improve customer service and to save money, Stephen Trapnell, a spokesman for Susquehanna Bancshares Inc., said Friday.
About 70 of the company's 3,400 employees will lose their jobs as a result of the consolidation, Trapnell said. Two people will lose their jobs in Washington County, he said.
The consolidation is expected to be completed in early October.
"We're maintaining all 235-plus locations we have," Trapnell said. "This (consolidation) is to pull them all together ... And to make it easier for customers."