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BB&T to lay off 89 former Susquehanna employees

BB&T Corp. announced Tuesday afternoon it will lay off 89 of the approximately 500 jobs formerly stationed at the Susquehanna Bancshares Inc. headquarters in Lititz.

BB&T spokesman David White said the 89 positions constitute mostly “back-office” jobs that are duplicated in BB&T’s operations.

BB&T Corp., the bank holding company for Winston-Salem, N.C.-based BB&T Bank, closed Aug. 1 on its deal to acquire Susquehanna Bancshares for $2.5 billion.

The employees who were notified have been given a 60-day notice period. If they stay through that time, they will receive a severance package and career transition services, White said.

White said that a Worker Adjustment & Retraining Notification Act (WARN) notice will go out Wednesday but that affected employees were given notice Tuesday.

There has been no announcement for how many employees of National Penn Bancshares Inc. will be laid off after BB&T acquired the Allentown-based holding company of National Penn Bank, which has branches in Lancaster County.

BB&T announced in August it will acquire National Penn for $1.8 billion.

Michael Sadowski

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