HARRISBURG, Pa., Oct. 15, 2012 /PRNewswire/ -- Susquehanna Bancshares, Inc. has once again selected Capital BlueCross as the company's health insurance provider. The new three-year contract extends an already existing relationship that spans 12 years.
"Susquehanna has successfully partnered with Capital BlueCross for many years and, just as we like to build enduring relationships with our customers, we like to develop those same successful long-term relationships with business partners," said William J. Reuter, Susquehanna Bancshares Chairman and Chief Executive Officer. "Capital BlueCross has been flexible and responsive in helping us deliver cost-effective coverage for our employees' medical and prescription drug needs. They have been a key partner in developing competitive employee benefit programs and offering expanded programs focused on employee health and wellness."
"It is important for Capital BlueCross to partner with members of our community, such as Susquehanna Bancshares, who share the same caring focus for their customers as we do for ours," said Gary D. St. Hilaire, Capital BlueCross President & CEO. "Susquehanna also cares deeply about its employees, and as our region's medical value leader, we are very proud that they have selected our products and services to serve the health and wellness needs of their company's most valued assets."
Through the new agreement, Capital BlueCross will continue to offer coverage to 4,900 people, including Susquehanna employees and their family members.
About Susquehanna Bancshares
Susquehanna Bancshares, Inc., is a financial services holding company with assets of $18 billion and more than 3,400 employees. Its Susquehanna Bank subsidiary provides banking and financial services at 260 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 $7.5 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. For more information, please visit www.susquehanna.net.
About Capital BlueCross
Capital BlueCross is the leading health insurer in its region, providing health insurance coverage to residents in central Pennsylvania and the Lehigh Valley. Capital BlueCross is committed to making health insurance simple for its customers and members through all the stages of life by offering nationally acclaimed customer service and a full range of innovative benefit programs for groups and individuals at competitive prices. By establishing a culture of caring, Capital BlueCross constantly strives to do more in order to deliver more for the men, women and children who depend on the company for their health insurance. The company continues to evolve in order to meet the individual needs of its customers, most recently by entering the retail market and building its first store in the Lehigh Valley called Capital Blue.
Capital BlueCross has been providing medical value to the people and communities of central Pennsylvania and the Lehigh Valley for more than 70 years and employs over 1,800 people in the region. Headquartered in Harrisburg, Pa., Capital BlueCross is an independent licensee of the Blue Cross and Blue Shield Association. More information about Capital BlueCross and its subsidiaries can be found by going to www.capbluecross.com.
SOURCE Capital BlueCross