Document:

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Exhibit 4.3

THE SUBORDINATED NOTES ARE NOT SAVINGS ACCOUNTS, DEPOSITS, OR OTHER OBLIGATIONS
OF ANY BANK OR NON-BANK SUBSIDIARY OF SUSQUEHANNA BANCSHARES, INC. AND ARE NOT
INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, BANK INSURANCE FUND, OR
ANY OTHER GOVERNMENT AGENCY.

THIS SUBORDINATED NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE OF A DEPOSITARY. THIS SUBORDINATED NOTE IS EXCHANGEABLE FOR SUBORDINATED
NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO
TRANSFER OF THIS SUBORDINATED NOTE (OTHER THAN A TRANSFER OF THIS SUBORDINATED
NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE
REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

UNLESS THIS SUBORDINATED NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY
SUBORDINATED NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER
NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS
WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

REGISTERED

NO. - 1                                                              $75,000,000

                          SUSQUEHANNA BANCSHARES, INC.
                        6.05% SUBORDINATED NOTES DUE 2012

                                                            CUSIP NO.: 869099AD3

     SUSQUEHANNA BANCSHARES, INC., a Pennsylvania corporation (hereinafter
called the "Company," which term includes any successor corporation under the
Indenture hereinafter referred to), for value received, hereby promises to pay
to CEDE & CO., or registered assigns, the principal sum of $75,000,000 on
November 1, 2012 (the "Maturity Date"), and to pay interest thereon at the rate
per annum of 6.05% from and including November 4, 2002, or from the most recent
Interest Payment Date to which interest has been paid or duly provided for,
semiannually in arrears on each May 1 and November 1, commencing May 1, 2003,
until the principal hereof is paid or made available for payment; provided that
if any Registration Default (as such term is defined in the Registration Right
Agreement, dated as of the date hereof, among the Company and the Initial
Purchasers named therein) occurs with respect to this Subordinated Note, then
additional interest ("Additional Interest") will accrue (in addition to the
stated interest on this Subordinated Note described above) on this Subordinated
Note at a per annum rate of 0.25% from and including the date of the occurrence
of such Registration Default to, but excluding, the date on which no
Registration Default is in effect with respect to this Subordinated Note;
provided, further, however, that if the period during which one or more
Registration Defaults remains in effect with respect to this Subordinated Note
continues for more than 90 days, then from and including the 91st day during
which one or more Registration Defaults remain in effect with respect to this
Subordinated Note to, but excluding, the date on which no Registration Default
is in effect with respect to this Subordinated Note, such Additional Interest
shall accrue on this Subordinated Note at a per annum rate of 0.50%. All
Additional Interest payable with respect to this Subordinated Note shall be paid
in the same manner as periodic interest payments are required to be made to the
Holder of this Subordinated Note pursuant to the terms hereof. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Person in whose name this
Subordinated Note is registered at the close of business on the 15th calendar
day immediately preceding the relevant Interest Payment Date (the "Regular
Record Date"). Any such interest not so punctually paid or duly provided for
will forthwith cease to be payable to the Holder on such Regular Record Date and
may either be paid to the Person in whose name this Subordinated Note is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Subordinated Notes of this series not less than 10 days
prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the require-

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ments of any securities exchange on which the Subordinated Notes of this series
may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in said Indenture. Interest payable for any full semiannual
period will be computed on the basis of a 360-day year consisting of twelve
30-day months. Interest payable for any partial semiannual period will be
computed based on the actual number of days elapsed during that 180-day period.

     The indebtedness evidenced by the Subordinated Notes is, to the extent and
in the manner provided in the Indenture, subordinate and subject in right of
payment to the prior payment in full of the principal of (and premium, if any)
and interest on all Senior Indebtedness (as defined in the Indenture), and this
Subordinated Note is issued subject to such provisions and each Holder of this
Subordinated Note, by accepting the same, agrees to and shall be bound by such
provisions, and authorizes the Trustee in his behalf to take such action as may
be necessary or appropriate to effectuate such subordination as provided in the
Indenture, and appoints the Trustee his attorney-in-fact for such purpose.

     Payment of the principal of (and premium, if any) and any interest on this
Subordinated Note will be made at the offices or agencies of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts; provided,
however, that at the option of the Company payment of interest may be made by
check drawn upon any Paying Agent and mailed on or prior to an Interest Payment
Date to the address of the Person entitled thereto as such address shall appear
in the Security Register. In the event that an Interest Payment Date or the
Maturity Date is not a Business Day, the amount payable on such date shall be
payable on the next succeeding day that is a Business Day with the same force
and effect as if such payment had been made on such date without any interest or
other payment with respect to the delay.

     This Subordinated Note is one of a duly authorized issue of securities of
the Company (herein called the "Securities"), issued and to be issued under an
Indenture, dated as of November 4, 2002 (the "Indenture"), between the Company
and JP Morgan Trust Company, National Association (herein called the "Trustee,"
which term includes any successor Trustee under the Indenture), to which
Indenture and all Indentures supplemental thereto reference is hereby made for a
statement of the respective rights of the Company, the Trustee, and the Holders
of the Securities (including this Subordinated Note), and the terms upon which
the Securities (including this Subordinated Note) are, and are to be,
authenticated and delivered. This Subordinated Note is one of a series of
Subordinated Notes of the Company designated as its 6.05% Subordinated Notes due
2012 (herein called the "Subordinated Notes"), initially limited in aggregate
principal amount to $75,000,000.

     The Subordinated Notes may not be redeemed prior to the Maturity Date.

     As provided in the Indenture and subject to certain limitations and
conditions set forth therein and in this Subordinated Note, the transfer of this
Subordinated Note may be registered in the Security Register of the Company upon
surrender of this Subordinated Note for registration of transfer at the office
or agency of the Company in any place where the principal of (and premium, if
any) and interest on this Subordinated Note are payable, duly endorsed by, or
accompanied by, a written instrument of transfer in form satisfactory to the
Company, duly executed by the registered Holder hereof or his attorney duly
authorized in writing, and, thereupon, one or more new Subordinated Notes, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     No service charge will be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

     The Subordinated Notes are issuable only as registered Subordinated Notes
without coupons in denominations of $250,000 and integral multiples of $1,000 in
excess thereof. As provided in the Indenture, and subject to certain limitations
set forth therein, this Subordinated Note is exchangeable for a like aggregate
principal amount of Subordinated Notes of different authorized denominations, as
requested by the Holder surrendering the same.

     The Subordinated Notes shall not be subject to any Sinking Fund.

     Prior to due presentment for registration of transfer of this Subordinated
Note, the Company, the Trustee, and any agent of the Company or the Trustee may
treat the Person in whose name this Subordinated Note is registered as the owner
hereof for the purpose of receiving payment as herein provided and for all other
purposes, whether or not this Subordinated Note be overdue, and neither the
Company, the Trustee, nor any such agent shall be affected by notice to the
contrary.

     The Subordinated Note shall contain the additional provisions relating to
book-entry securities and transfers in certain situations set forth in Exhibit E
to the Indenture.

     If an Event of Default with respect to the Subordinated Notes shall occur
and be continuing, the principal hereof may be declared due and payable in the
manner and with the effect provided in the Indenture.

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     In connection with the transactions contemplated by the Registration Rights
Agreement, the Subordinated Notes and all Exchange Securities and Private
Exchange Securities (as each such term is defined in the Registration Rights
Agreement) issued in exchange for the Subordinated Notes pursuant to the
Registration Rights Agreement shall vote and consent together on all matters as
a single class and shall constitute a single series of Securities under the
Indenture.

     The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected by such amendment or modification under the Indenture at any time by
the Company and the trustee with the consent of the Holders of 66 2/3% in
principal amount of the Outstanding Securities of each such series to be so
affected. The Indenture also contains provisions permitting the Holders of a
majority in aggregate principal amount of the Outstanding Securities of any
series, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Subordinated Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Subordinated Note and of
any Subordinated Notes issued upon the registration of transfer hereof, or in
exchange herefor, or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Subordinated Note.

     No reference herein to the Indenture and no provision of this Subordinated
Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of (and premium, if
any) and interest, if any, on this Subordinated Note at the times, place, and
rate, and in the coin and currency, herein prescribed.

     This Subordinated Note shall be construed in accordance with and governed
by the laws of the State of New York without regard to conflicts of laws
principles thereof.

     All terms used in this Subordinated Note which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

     Unless the certificate of authentication hereon has been executed by the
Trustee, directly or through an authenticating agent, by the manual signature of
an authorized officer, this Subordinated Note shall not be entitled to any
benefit under the Indenture or be valid or obligatory for any purpose.

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

Dated: February 27, 2003
                                         SUSQUEHANNA BANCSHARES, INC.

                                         By: /s/ William J. Reuter
                                             ---------------------
                                             Name: William J. Reuter
                                             Title: Chairman, CEO and President

Attest:

By: /s/ Lisa M. Cavage
   -------------------
Name: Lisa M. Cavage
Title:  Secretary

Dated:  February 27, 2003

     This is one of the Securities of the series designated herein referred to
in the within-mentioned Indenture.

                                         JP MORGAN TRUST COMPANY,
                                         NATIONAL ASSOCIATION,
                                         as Trustee

                                         By: /s/ Elaine D. Renn
                                             ------------------
                                             Authorized Officer

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                                   ASSIGNMENT

  FOR VALUE RECEIVED the undersigned hereby sells, assigns, and transfers unto

     [PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]

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[Name and address of assignee, including zip code (must be printed or
typewritten)]

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the within Subordinated Note, and all rights thereunder, hereby irrevocably
constituting and appointing

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Attorney to transfer said Subordinated Note on the books of the within Company,
with full power of substitution in the premises.

Dated:
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                                                    ----------------------------
                                            NOTICE: The signature to this
                                                    assignment must correspond
                                                    with the name as it appears
                                                    upon the face of the within
                                                    or attached Subordinated
                                                    Note in every particular,
                                                    without alteration or
                                                    enlargement or any change
                                                    whatever.<PAGE>

Exhibit 10.6

            SECOND AMENDMENT TO THE 2002 AMENDED SERVICING AGREEMENT

     THIS AMENDMENT ("Amendment") is made this 5th day of December, 2002, to
that certain 2002 Amended Servicing Agreement ("Agreement") by and between
BOSTON SERVICE COMPANY, INC. ("BSC" ) and AUTO LENDERS LIQUIDATION CENTER, INC.
("Auto Lenders").

BACKGROUND

     BSC and Auto Lenders wish to amend the Servicing Agreement by reflecting
the agreed upon Servicing Fee for the calendar year 2005. All other terms and
conditions remain in full force and effect.

Amendment to Paragraph 9--Consideration

     This Paragraph shall be amended as it pertains to the Guarantee Fees found
under Paragraph B(iv) in which the agreed upon Servicing Fees for the calendar
year 2005 will be as follows:

     The 2005 Servicing Fee of $400,000 per month for the period 1/01/05 through
12/31/05, and quarterly payments of $600,000 payable to Auto Lenders on March 1,
June 1, September 1, and December 1 during the calendar years 2003 and 2004. In
year 2005, quarterly payments of $400,000 would be payable to Auto Lenders on
March 1, June 1, September 1, and December 1.

     IN WITNESS WHEREOF, BSC and Auto Lenders have caused this Second Amendment
to the 2002 Amended Servicing Agreement to be executed by their duly authorized
corporate officers and their corporate seals to be affixed hereto the day and
year written beneath their signatures below, each intending this Amendment shall
become effective on the date first written above.

                                         AUTO LENDERS LIQUIDATION CENTER, INC.

Attest: /s/ Kathleen M. Dragg            By: /s/ Michael J. Wimmer
        ---------------------               ----------------------
[Assistant] Secretary                    Title: President

(Corp. Seal)                             Dated: 1/22/03

                                         BOSTON SERVICE COMPANY, INC.
                                         t/a HANN FINANCIAL SERVICE CORP.

Attest: /s/ Jeri L. Dooley               By: /s/ Charles L. Dovico
        ------------------                   ---------------------
[Assistant] Secretary                    Title: President

(Corp. Seal)                             Dated: 1/22/03

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