Gregory A. Duncan Returns to Susquehanna Bancshares as COO - cbl

Posted January 3, 2011

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By citybizlist Staff

LITITZ, PA. -- In an SEC filing, Susquehanna Bancshares, Inc. (NasdaqGS: SUSQ) reported that it has appointed Gregory A. Duncan as executive vice president and chief operating officer for a three-year term.

Duncan served as Executive Vice President and Chief Operating Officer of First Interstate Bancsystem, Inc. from September 2009 to August 2010, after resigning from Susquehanna. Before his resignation he served as President and Chief Executive Officer of Susquehanna Bank and Executive Vice President and Chief Operating Officer of Susquehanna PA. He had held various executive positions within Susquehanna or its subsidiaries starting in 1987.

Duncan will receive an annual base salary of $400,000.

The company also announced that Eddie L. Dunklebarger, Susquehanna's current president and chief operating officer, will become vice chairman of the board. He will also continue to serve as Susquehanna's president and as vice chairman of the board of Susquehanna Bank PA, Susquehanna's wholly-owned banking subsidiary.

Dunklebarger, age 56, has been a director of Susquehanna since 2007 and served as he President and Chief Operating Officer of Susquehanna since June 2008. Prior to Susquehanna's acquisition in 2007 of Community Banks, Inc. and its wholly-owned banking subsidiary, Community Banks, Dunklebarger served as the Chairman of the Board, President and Chief Executive Officer of Community Banks, Inc.

Susquehanna shares were trading at $9.90, up 22 cents, early Monday morning.

SEC filing: http://tinyurl.com/2vumrgf

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