NexTier Bank
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1878 |
| Founder | S.J. Irvine, Sr. |
| Headquarters | Pittsburgh, Pennsylvania , United States |
Area served | Western and central Pennsylvania |
Key people | Cleman C. Rosenberger III (President & CEO) |
| Products | Banking, Wealth Management |
| Parent | NexTier Inc. |
| Website | www |
NexTier Bank is a financial institution based in the United States, operating 30 branches throughout western and central Pennsylvania, specifically in Allegheny, Butler, Armstrong, Westmoreland, Mercer, Clearfield, and Cumberland counties.
On February 16, 2024, a merger was finalized between NexTier Inc., the bank’s holding company, and Mars Bancorp, resulting in the integration of their operations under NexTier Bank.
Origins as Citizens National Bank
Established in 1878 by S.J. Irvine, Sr. under the name Citizens National Bank in Evansburg, Pennsylvania (present-day Evans City), the bank first received a state charter in 1893 before obtaining a national charter in 1907.
The Irvine family maintained leadership for four successive generations: S.J. Irvine, Jr. took over as president in 1940; followed by S.J. Irvine III in 1959; and later Margaret Irvine Weir assumed the presidency in 2000.
Transition to NexTier
To resolve a naming dispute with Citizens Bank of Pennsylvania—which operated over 400 branches compared to Citizens National Bank’s 15—the institution rebranded as NexTier Bank on October 11, 2005, adopting the slogan "Experience The Next Level."
Executive Team
- 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
Core Business Segments
NexTier’s main business units consist of NexTier Bank alongside NexTier Wealth Management.
Sponsorship Initiatives
On April 10, 2006, NexTier Bank secured naming rights for Seneca Valley High School Stadium, which was subsequently renamed NexTier Stadium.
Recognitions
The bank earned a spot among Pennsylvania’s Best Places to Work in the years 2000, 2001, and 2008. Additionally, on November 11, 2008, the Better Business Bureau of Pennsylvania honored NexTier with the Torch Award for Marketplace Ethics.
On May 5, 2010, Northwest Bancshares from Warren announced plans to acquire NexTier for $20.3 million in cash and intended to rebrand it as Northwest Savings Bank. Nevertheless, this agreement was terminated on November 8, 2010, after Northwest failed to obtain necessary regulatory clearance; subsequently, NexTier declared intentions to pursue further capital resources.
Partnership with the Snyder Group
On February 2, 2010, NexTier received a capital investment from the Snyder Group based in Kittanning, Pennsylvania. By April 2011 and following regulatory approval, the Snyder Group assumed majority ownership of 51%. The Snyder Group controls Snyder Associated Companies with diversified holdings spanning mining, energy exploration, manufacturing, agriculture sectors, and banking—including controlling interest in Farmers and Merchants Bank of Western Pennsylvania.
In October 2014, NexTier merged with Farmers & Merchants Bank expanding its footprint to 24 branches while retaining the NexTier brand name. Later on January 8, 2016, NexTier completed its acquisition of Eureka Bank adding two additional branches located in Allegheny County—one notably situated on Forbes Avenue in Oakland.