Susquehanna Bancshares, Inc. Declares Dividend of $.01 and Repurchases Warrant from U.S. Treasury for $5.3M

The board of directors of Susquehanna Bancshares, Inc. SUSQ has declared a first quarter dividend of $0.01 per common share, payable on February 18, 2011 to shareholders of record February 2, 2011. In addition, Susquehanna announced that it has repurchased the warrant that was issued to the U.S. Treasury on December 12, 2008, in conjunction with Susquehanna's participation in the TARP Capital Purchase Program. The warrant entitled the U.S. Treasury to purchase up to 3,028,264 shares of Susquehanna's common stock at a price of $14.86 per share. Susquehanna paid $5.3 million to the Treasury to repurchase the warrant.