Susquehanna Bancshares shareholders indeed voted by an “overwhelming” margin in favor of their firm being acquired by BB&T.
Lititz-based Susquehanna disclosed the tally from Friday’s shareholder vote in a federal filing on Monday.
Nearly 144.9 million of Susquehanna’s 182.1 million shares outstanding were cast in favor of the acquisition, or 79.6 percent.
Some 1.2 percent of shares, or 2.3 million, were cast against. Some 0.6 percent of shares, or 1.1 million, were cast as abstaining.
Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)
As LancasterOnline reported Wednesday, Lititz-based Susquehanna Bancshares is being bought by North Carolina banking company BB&T.
So what does that mean if you’re a Susquehanna customer?
Here are five important questions and answers about the $2.5 billion deal.
Q: What happens to Susquehanna’s 245 banking offices in Pennsylvania, Maryland, New Jersey and West Virginia, including the 30 offices in Lancaster County?
A: All Susquehanna branches will be retained, although they will be renamed BB&T. No branches are being closed because the Susquehanna and BB&T branch networks do not overlap.
Read more: http://lancasteronline.com/news/local/important-questions-about-bb-t-s-purchase-of-susquehanna-bancshares/article_cb08e0b2-6b3d-11e4-9d29-bff9821ae372.html