skip navigation

Friday, April 18, 2014

[ – ] Text Size [ + ]  |  Print Page

Cascade: No. 82, Winter/Spring 2013

Susquehanna Bank Participates in Economic Development on Camden’s Waterfront*

Susquehanna Bank located the headquarters of its Delaware Valley division in the Ferry Terminal Building in Camden, NJ. When the building opened in 2007, it was the first Camden office building constructed entirely with private financing in nearly 50 years.Susquehanna Bank located the headquarters of its Delaware Valley division in the Ferry Terminal Building in Camden, NJ. When the building opened in 2007, it was the first Camden office building constructed entirely with private financing in nearly 50 years.
Photo Credit: Cooper's Ferry Partnership

In 2007, Susquehanna Bank relocated its corporate headquarters from Marlton, NJ, to Camden, NJ. In the relocation, it committed to lease space prior to the opening of the Ferry Terminal Building, which was the first office building constructed entirely with private financing in Camden in nearly 50 years.

Following several mergers and acquisitions, the bank is organized into three divisions, with the headquarters of its Delaware Valley division located in the four-story Ferry Terminal Building on Camden’s waterfront. Susquehanna Bank has about 60 employees at its Camden divisional headquarters, which oversees 74 branches in southeastern Pennsylvania and central and southern New Jersey.

Donald H. McCarty, CEO of Susquehanna Bank’s Delaware Valley division, said that the bank selected its Camden location to enhance its regional image and to be a positive force in the redevelopment of Camden and southern New Jersey. He is a member of the board of directors of Cooper’s Ferry Partnership, which plans major redevelopment projects and initiatives in Camden.

Ellen L. Crain, vice president and director of community reinvestment for Susquehanna Bancshares, Inc., said that since 2007 Susquehanna Bank had made over $21 million in community development loans and grants, residential mortgages, and small business loans in the city of Camden. Susquehanna Bank employees are on the boards of 11 Camden nonprofits, and the bank’s employees volunteer to help with financial education, student mentoring, and other community initiatives.

  • * The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System.