NexTier Bank is an American

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

corporation A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as ...

that has 30 branches located in Allegheny,

Butler A butler is a person who works in a house serving and is a domestic worker in a large household. In great houses, the household is sometimes divided into departments, with the butler in charge of the dining room, wine cellar, and pantries, pantr ...

, Armstrong, Westmoreland, Mercer, Clearfield, and Cumberland counties in western and central

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

. On February 16, 2024, the bank's parent company, NexTier Inc., completed the merger of its operations with those of Mars Bancorp, including NexTier Bank.

History

Founding as Citizens National Bank

S.J. Irvine, Sr. founded the bank in 1878 under its original name, Citizens National Bank, in the oil

boomtown A boomtown is a community that undergoes sudden and rapid population and economic growth, or that is started from scratch. The growth is normally attributed to the nearby discovery of a precious resource such as gold, silver, or oil, although t ...

of Evansburg, Pennsylvania (now

Evans City, Pennsylvania Evans City is a Borough (Pennsylvania), borough in Butler County, Pennsylvania, United States. The population was 1,833 at the 2010 census. Geography Evans City is located in southwestern Butler County at (40.769310, −80.061409), in the valle ...

). The bank received a state charter in 1893 and its national charter in 1907.NexTier Bank History
/ref> In 1940, S.J. Irvine, Jr. succeeded his father as president. In 1959, S.J. Irvine III, began his career as bank president. In 2000, his daughter, Margaret Irvine Weir, became president of the bank, representing the fourth generation of the Irvine family to head the company.
''Pittsburgh Tribune-Review''.

Name change to NexTier

On October 11, 2005, the bank officially changed its name to NexTier Bank. It also adopted the tagline "Experience The Next Level." The name change resolved a dispute with the much larger Citizens Bank of Pennsylvania, which had 400+ branches, compared to Citizens National Bank's 15 branches."Citizens out, NexTier in,"
''Pittsburgh Post-Gazette''

Corporate Leadership

* Cleman C. Rosenberger III, President & Chief Executive Officer * Robert A. Bowell, Executive Vice President & Chief Lending Officer * Brian B. Dutton, Executive Vice President & Chief Risk Officer & General Counsel * Mark DeBiasio, Executive Vice President & Chief Financial Officer * Darla J. Livermore, Senior Vice President & Director of Human Resource Management * Heidi J. McDowell, Senior Vice President & Retail Manager * Louis C. Palumbo, Senior Vice President & Chief Information Officer * Michael Smelko, Executive Vice President & Chief Credit Officer * Bradley J. Toy, Senior Vice President & Director of Loan & Deposit Operations

Primary Operations

The primary operations of NexTier include NexTier Bank and NexTier Wealth Management.
''Pittsburgh Business Times''.

Corporate Sponsorships

On April 10, 2006, NexTier bank purchased the naming rights for the Seneca Valley High School Stadium, renaming it NexTier Stadium."Seneca Valley sells naming rights,"
''Pittsburgh Post-Gazette''

Awards

In 2008 NexTier Bank was listed as one of the Best Places to Work in Pennsylvania.Best Places to Work in PA 2008
/ref> NexTier also earned this distinction in 2000Best Places to Work in PA 2000
/ref> and 2001.Best Places to Work in PA 2001
/ref> On November 11, 2008, the

Better Business Bureau The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, consisting of 92 independently incorporated local BBB organizati ...

of Pennsylvania awarded NexTier Bank the Torch Award for Marketplace Ethics."BBB Announces Winners of 2008 Torch Award for Marketplace Ethics"
/ref>

Northwest Bancshares

On May 5, 2010,

Warren, Pennsylvania Warren is a city in and the county seat of Warren County, Pennsylvania, United States, located along the Allegheny River. The population was 9,404 at the 2020 census. It is home to the headquarters of the Allegheny National Forest and the Cornp ...

-based Northwest Bancshares agreed to buy NexTier for $20.3 million in cash. The sale was expected to close by the end of 2010, upon which the NexTier name would have been replaced by the Northwest Savings Bank name. NexTier Inc. announced on November 8, 2010, that it terminated its agreement to merge with Northwest Bancshares, Inc. (Nasdaq: NWBI), citing Northwest's inability to secure regulatory approval for the merger. NexTier announced its intention to seek an infusion of cash subsequent to the termination of the merger agreement.

NexTier and the Snyder Group

On February 2, 2010, NexTier, Inc., announced the successful completion of capital raising efforts. The Snyder Group of Kittaning, PA provided NexTier a capital infusion in the form of an investment in common stock, with an initial investment to NexTier January 31, 2011.. On April 14, 2011, NexTier Inc. announced regulatory approval from federal and state regulators for the capital infusion from the Snyder Group. The remaining capital infusion was completed in April 2011, resulting in 51% ownership of NexTier. The Snyder Group is the owner of Snyder Associated Companies, a holding company with investments in mining, oil, and natural gas exploration activities, manufacturing, agriculture and banking. The Snyder Group also had a majority interest in the Farmers and Merchants Bank of Western Pennsylvania, based in Kittanning with 8 community offices serving Armstrong County. In October 2014, NexTier merged with Farmers & Merchants Bank. The combined entity has 24 locations and will retain the NexTier name. On January 8, 2016, NexTier completed its purchase of Eureka Bank, which had two branches in Allegheny County, including one in

Oakland Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California. It is the county seat and most populous city in Alameda County, with a population of 440,646 in 2020. A major West Coast port, Oakland is ...

on Forbes Avenue.

References

External links

NexTier Bank nextierbank.com

ESS/NexTier Insurance Services essnextier.com

NexTier Wealth Management nextierwealth.com
{{DEFAULTSORT:Nextier Bank Banks based in Pennsylvania Companies based in Pittsburgh Banks established in 1878 American companies established in 1878 2024 mergers and acquisitions