Though loans and deposits grew, Susquehanna Bancshares Inc. in Lititz, Pa., said Wednesday that its first-quarter profit plummeted 93%, to $1.9 million, or 2 cents a share.

The $13.7 billion-asset company said declining credit quality and the deteriorating economy forced it to boost the provision for loan losses by 257% from a year earlier, to $35 million.

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