Susquehanna Bank Rates & Review

Susquehanna Bank Review

Based in southeastern Pennsylvania, Susquehanna Bank has numerous branch locations in four mid-Atlantic states.

Parent company Susquehanna Bancshares is a regional financial services holding company with assets of approximately $14 billion as of 2010. The banking division has more than 220 office locations in Pennsylvania, New Jersey, Maryland, and West Virginia.

Susquehanna Bank is involved in its communities and has supported initiatives for community and economic development, youth and education, access to the arts and the like.

Personal banking

The bank offers a variety of checking accounts such as Free Checking, Student Checking, Relationship Checking, and Senior Relationship Checking.

Savings account selections include Statement Savings, Power Savings, Teen Depositor Savings, MegaBucks Kids Club, Indexed Money Market, and Premium Money Market accounts.

Long-term savers can open a CD, an IRA or a Coverdell Education Savings Account. The bank offers mortgages, auto loans, home equity loans, personal loans and lines of credit.

Business banking

Checking accounts are available for businesses of all sizes. There are checking accounts for sole proprietors, nonprofits, large businesses and commercial customers. Business customers can also open a savings account, a money market account or a CD.

Cash management services include collection services, disbursement services and investment/loan services.

Businesses can also get financing for a variety of projects. Loan products include lines of credit, installment loans, Small Business Administration loans, commercial mortgages, commercial real estate loans and construction/development loans.

Financial services

The parent company offers investment, fiduciary, brokerage, insurance, retirement planning and private banking services through its subsidiary, Susquehanna Wealth Management.

It also operates an insurance and employee benefits company, a commercial finance company and a vehicle leasing company.

Deposit insurance

Susquehanna Bank has been insured by the Federal Deposit Insurance Corporation since 1934.

In July 2010, FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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