Griffin Advises Community Banks in Announced Merger with Susquehanna Bancshares

Griffin served as exclusive financial advisor to Community Banks, Inc. in its announced merger with Susquehanna Bancshares, Inc. Griffin assisted the $3.8 billion central Pennsylvania-based bank in a strategic alternatives study and in managing the process to find a merger partner. The study and process led to the announcement of an agreement for Susquehanna Bancshares to merge with Community Banks in an $860 million stock and cash transaction.

The merger of Community with Lititz, PA-based Susquehanna will expand Susquehanna's presence in southeastern Pennsylvania and the Mid-Atlantic region, particularly in the Berks, York and Lancaster markets. The combined company will have more than $12 billion in assets and approximately $2 billion in market capitalization.

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Griffin is an investment bank which provides merger and acquisition advisory services, and related structuring, research and analysis, and sale process management. Griffin also assists businesses in obtaining financing through institutional placements of equity and debt, including those facing special situations, such as financial restructuring and turnarounds. Griffin is an SEC registered broker-dealer and NASD member.