The board of directors of Susquehanna Bancshares, Inc. (Susquehanna) (NASDAQ: SUSQ) has declared a first quarter dividend of $0.03 per common share, payable on February 17, 2012 to shareholders of record January 31, 2012.

Susquehanna expects to release fourth quarter 2011 earnings results on January 25, 2012. The press release will be posted under "News" in the Investor Relations section of Susquehanna's Web site at www.susquehanna.net on the same date. Susquehanna also announced it will broadcast its fourth quarter 2011 conference call over the Internet on January 26, 2012, at 11:00 a.m. Eastern time. The conference call will include management's discussion of fourth quarter and full year 2011 results and may also include forward-looking information and financial goals. Investors will have the opportunity to listen to the conference call through a live broadcast on Susquehanna's Web site. The event may be accessed by selecting "Investor Relations" near the top right of the home page then "Overview" and clicking on the fourth quarter webcast link. To listen to the live call, please go to the Web site at least fifteen minutes prior to the scheduled start time to download and install any necessary audio software. For those who are unable to listen to the live broadcast, an archived replay and podcast will be available on the Web site shortly after the call concludes.

Susquehanna is a financial services holding company with assets of greater than $15 billion. Headquartered in Lititz, Pa., the company provides banking and financial services at 241 branch locations in the mid-Atlantic region. Through Susquehanna Wealth Management, the company offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services, with approximately $6.9 billion in assets under management and administration. Susquehanna also operates an insurance brokerage and employee benefits company, a commercial finance company and a vehicle leasing company. Investor information may be requested on Susquehanna's Web site at www.susquehanna.net.

Susquehanna Bancshares, Inc.
MEDIA CONTACT:
Stephen Trapnell, Corporate Communications Manager
(717) 625-6548
communications@susquehanna.net
or
INVESTOR RELATIONS CONTACT:
Abram G. Koser, Vice President Investor Relations
(717) 625-6305
ir@susquehanna.net