Susquehanna Bank in Lititz, Pa., has hired a former Lancaster County treasurer to help it attract more business from municipalities, school boards, and government agencies.
The bank, a unit of the $8.3 billion-asset Susquehanna Bancshares Inc., announced Thursday that it has created a government banking unit and hired Gregory A. Sahd to lead it.
Mr. Sahd was a treasurer for two terms and has 20 years of investment banking and financial consulting experience. He held senior management posts with firms such as Arthurs, Lestrange & Co., and Janney Montgomery Scott LLC.
William J. Reuter, the chairman, president, and chief executive officer of Susquehanna Bancshares, said that it has many years of experience working with government agencies, but that the new unit will expand its offerings. It will provide services such as revenue collection, pension fund investment, and the management of bond proceeds and drawdown schedules to customers in Pennsylvania, Maryland, and southern New Jersey.
Mr. Reuter said Mr. Sahd's combined expertise in the public and private sectors will benefit customers. "He understands both the financial issues faced by government officials and the investment solutions available to them."
