NexTier, the holding company of NexTier Bank, completed its merger with Mars Bancorp, including its wholly-owned subsidiary, Mars Bank on Feb. 16.
The merger allows NexTier to expand its geographic footprint. The combined company will be a locally owned and managed Western Pennsylvania community bank.
“Joining together with Mars Bank provides us the opportunity to expand into Mercer County”, Clem Rosenberger, NexTier president and CEO, said. “Mars Bank customers will have access to enhanced deposit and lending products, digital banking solutions, and Treasury Management services. We look forward to meeting the financial needs of Mars Bank customers and will continue the legacy customer service and community partnerships they’ve come to know and trust.”
Jim Dionise, Mars president and CEO, will join NexTier Bank’s board of directors.
“Jim has been a well-respected, financial industry expert within Western Pennsylvania for many years and we look forward to having his experience and knowledge within our board room,” Rosenberger said.
NexTier Bank operates 31 retail locations in Armstrong, Allegheny, Butler, Clearfield, Cumberland Mercer, Westmoreland counties in Pennsylvania, and loan production offices in Cleveland, Ohio, and Buffalo and Rochester, New York.
Total assets were $2.74 billion, total loans were $2.12 billion and total deposits were $2.35 billion as of the deal’s closing.