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Susquehanna Bancshares completes Abington buy

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Susquehanna Bancshares Inc. has completed its acquisition of Abington Bancorp Inc., the Lititz-based parent of Susquehanna Bank said this morning.

The $273 million stock deal adds $1.1 billion in assets and 20 Philadelphia-area bank branches to Susquehanna's portfolio. Susquehanna converted the branches to its brand, the company said.

Still pending is Susquehanna's $343 million acquisition of Tower Bancorp Inc., announced in June. That deal, expected to close early next year, will give Susquehanna $17.8 billion in assets and make it the second-largest bank headquartered in Pennsylvania, behind PNC Financial Services Group Inc.

Susquehanna Bank has more than $15 billion in assets and 240 branches in Maryland, New Jersey, Pennsylvania and West Virginia. Its shares trade on the Nasdaq under the ticker symbol SUSQ.

Write to the Editorial Department at editorial@cpbj.com

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