PR: NexTier Bank And Manor Bank Complete Merger

BUTLER, PA (PittsburghNewsWire.com) — NexTier Bank, N.A. (“NexTier”), announced today the completion of the merger of Manor Bank (“Manor”) with and into NexTier effective April 30, 2017.

With nearly $1.2 billion in assets, NexTier Bank offers Western Pennsylvania businesses and consumers a comprehensive line of products and services, 28 convenient locations, and a focus on premium customer service.  The combined organization will continue the commitment to community that both organizations have made a priority for well over a century.

Mark Karenchak, the current Chairman of the Board of NexTier Bank, will continue in this role.  Clem Rosenberger, the President and CEO of NexTier Bank will continue to serve as the President and CEO of the combined entity.  The current NexTier Executive team will remain in place.

The merger of Manor into NexTier enhances NexTier’s geographic footprint.  “Our merger with Manor Bank provides us with the opportunity to serve individuals and businesses in Westmoreland County’, stated CEO, Clem Rosenberger.   “Manor Bank customers will have access to more deposit options, tablet and mobile banking, a wide selection of consumer and commercial lending products, investment services through NexTier Wealth Management1, and commercial and personal insurance through ESS NexTier Insurance Services.2”

“We are looking forward to working with the Manor Bank customers and continuing to meet their financial needs.  Customers will benefit from a wider product selection, but will also continue to see the commitment to community Manor Bank has shown through the years,” continued Rosenberger.

About NexTier
NexTier Bank, N.A. has been serving Armstrong and Butler Counties for nearly 140 years.  Headquartered in Kittanning, PA, NexTier Bank is one of the region’s fastest growing community banks with assets of approximately $1.2 billion as of 5/1/17. NexTier provides consumer banking services, business banking services, cash management and investment services, through a network of 28 branches in Armstrong, Allegheny, Butler and most recently, Westmoreland Counties.  For more information, visit https://www.nextierbank.com/. NexTier Bank is Member FDIC.

1 Securities offered through LPL Financial, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates.  NexTier Bank and NexTier Wealth Management are not registered brokers/dealers and are not affiliated with LPL Financial.

2 Insurance products are not guaranteed by the Bank.  Not FDIC insured.  Not a deposit.  Not insured by any Federal Government Agency.  May lose value including loss of principal.