Announced
Completed
Financials
Tags
United States
community bank
Banks
Acquisition
Domestic
Merger
Majority
Public
Friendly
Single Bidder
Completed
Synopsis
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.
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