NexTier, the holding company of NexTier Bank, will acquire Mars Bancorp, the holding company of Mars Bank. Terms of the deal were not disclosed.
The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6 billion.
Clem Rosenberger, NexTier’s president and CEO, will lead the combined institution. Meanwhile, Jim Dinoise, president and CEO of Mars, will join the NexTier Bank Board of Directors upon the consummation of the transaction.
“This merger ensures our customers will continue to details ⇒
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