.
MergerLinks Header Logo

New Deal


Announced

Completed

NexTier Bank completed the merger with Mars Bank in a $32m deal.

Financials

Edit Data
Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

community bank

Banks

Acquisition

Domestic

Merger

Majority

Public

Friendly

Single Bidder

Completed

Synopsis

Edit

NexTier Bank, a financial services corporation, completed the merger with Mars Bank, a full service community bank, in a $32m deal. "Joining together with Mars Bank provides us the opportunity to expand into Mercer County. 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," Clem Rosenberger, NexTier President & CEO. On January 30, 2024, NexTier Bank and Mars Bank jointly announced that they have received all regulatory approvals, including approval from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Pennsylvania Department of Banking and Securities, necessary to complete the proposed merger.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US