NexTier Bank is acquiring another locally-based bank.
Officials announced this morning that they entered into an agreement where NexTier will acquire Mars Bank.
According to a press release, after the deal is complete, Mars Bank will be merged into NexTier and operate under the NexTier brand.
Mars Bank has six retail offices in Butler, Allegheny, and Mercer Counties; they also have reported total assets of $520 million.
NexTier CEO Clem Rosenberger said this merger provides “the opportunity to provide additional banking services to Western Pennsylvania businesses, retail customers, non-profit organizations, school districts, and local governments.”
This would bring NexTier’s total assets to $2.6 billion.
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