BB&T closes former Susquehanna HQ, lays off 82
BB&T Corp. is shutting down its back-office operations at the former Susquehanna Bank headquarters in Lititz and laying off 82 of its roughly 130 employees who worked there.
The building, at 26 N. Cedar St., housed call center and processing services for North Carolina-based BB&T. BB&T started operating there in November 2015 after its acquisition of Susquehanna Bank and its parent company, Susquehanna Bancshares.
BB&T will still have 350 employees working in Lancaster County after the layoffs, including about 45 people who are moving from the Lititz facility to other bank locations in the county.
Employees received notice of the planned layoffs Tuesday and will be able to continue working until early December. The facility will officially close later that month.
"This is part of BB&T’s ongoing effort to evaluate our operations in a highly competitive marketplace and reallocate resources into other strategically important areas, such as improved digital banking technologies to meet our clients’ ever-changing needs," BB&T said in a statement.
A buyer is under contract to purchase the Lititz building, according to BB&T.
BB&T's last significant round of layoffs here happened shortly after its acquisition of Susquehanna Bank in 2015, when it announced plans to terminate 89 positions.
The bank has since looked to support economic activity in Lancaster through the creation of a grant program to help local nonprofits bolster workforce development programs.