Mars Bank News | Mars Bank

Bank News

Mars Bancorp, Inc. Shareholders Overwhelmingly Approve Merger With NexTier, Inc

POSTED Nov 30 2023 | 1 MINUTE READ

Click here to read the press release regarding the special shareholder meeting on November 29, 2023.

Cybersecurity

Beware of Social Media Support Scam

POSTED Nov 29 2023 | 2 MINUTE READ

Facebook “Support”? This is an image from a direct message supposedly from Facebook informing the user that their account will be suspended. The instructions are to go to the link to correct the issue and stop the suspension. Guess what… it’s a scam. See the Clues to Scams Slow Down, You Click too Fast – For many, the suspension of […]

In the Community

Bank Donations to Education and Charitable Causes

POSTED Nov 15 2023 | 1 MINUTE READ

Mars Bank staff were involved in several “big check” presentations recently to local educational and charitable organizations.

In the Community

Veterans Day and Fundraising Drive

POSTED Oct 30 2023 | 1 MINUTE READ

Again this year, Mars Bank is collecting donations for Veterans in Need, an organization that provides emergency assistance to veterans living and working in our communities.

Donate through December 31st at any Mars Bank location

Earnings/Dividend

Mars Bancorp, Inc. Announces Earnings

POSTED Oct 30 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) (the “Company”) announced today that for the nine months ended September 30, 2023, the Company earned $187,000 as compared to $1,212,000 for the same period in the prior year, a decrease of $1,025,000 or -84.6%. Continue Reading

Bank News

Mars Bancorp, Inc. Shareholders Overwhelmingly Approve Merger With NexTier, Inc

POSTED Nov 30 2023 | 1 MINUTE READ

Click here to read the press release regarding the special shareholder meeting on November 29, 2023.

Earnings/Dividend

Mars Bancorp, Inc. Announces Earnings

POSTED Oct 30 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) (the “Company”) announced today that for the nine months ended September 30, 2023, the Company earned $187,000 as compared to $1,212,000 for the same period in the prior year, a decrease of $1,025,000 or -84.6%. Continue Reading

Bank News

Caller ID Scam Alert

POSTED Oct 11 2023 | 1 MINUTE READ

We NEVER ask for card number or PIN! Mars Bank customers are reporting that they’ve received phone calls from the “Mars Bank Fraud Department”. Beware of these calls, they are being made by scammers! The calls appear to come from Mars Bank, the fraudsters are able to put “Mars Bank” or a valid Mars Bank phone number on the caller […]

Bank News

Mars Bank Named David L. Lloyd Chamber Champion

POSTED Sep 7 2023 | 1 MINUTE READ

Mars Bank is pleased to be named the 2023 Butler Chamber of Commerce David L. Lloyd Chamber Champion. The award was presented on September 6, 2023 at the chamber’s annual Celebrate Business Dinner. In accepting the award, Jim Dionise, Mars Bank President and Chief Executive Officer said, “This award is a testimony to the hard work of our outstanding staff […]

Bank News

NexTier, Inc. and Mars Bancorp, Inc. Announce Merger

POSTED Aug 31 2023 | 1 MINUTE READ

BUTLER, PA and MARS, PA August 31, 2023 – NexTier, Inc. (“NexTier”), the holding company of NexTier Bank, N.A. (“NexTier Bank”), and Mars Bancorp, Inc. (“Mars”) (OTCQX: MNBP), the holding company of Mars Bank, jointly announced today that the parties have entered into a definitive agreement whereby NexTier will acquire Mars. The proposed transaction will result in Western Pennsylvania’s premier, locally owned and managed community bank having total assets in excess of $2.6 billion.

Bank Staff

Schneider Named Vice President

POSTED Apr 10 2023 | 1 MINUTE READ

Mars Bank named Dan Schneider Vice President, IT Network Infrastructure. He is responsible for ensuring effective and secure operation of all computer systems. Schneider joined Mars Bank in 2015 as a network administrator and has over 20 years’ experience in the information technology industry. “Dan plays a critical role in helping the bank function,” said Michael W. McGraw, Senior Vice […]

Bank Staff

Mars Bank Announces Expanded Team in Mercer County

POSTED Apr 3 2023 | 1 MINUTE READ

Mars Bank announced it is expanding its team serving Mercer County, Pa. Mitch McFeely, is moving to a full-time commercial banking role focusing on developing business relationships in Mercer and northwestern Pennsylvania counties. McFeely was manager of the bank’s Grove City branch since it opened in late 2019.

Kayla M. Armstrong will take on the branch manager role in Grove City, serving both retail and small business customers from the location at 109 South Broad Street. Armstrong has a background in retail and mortgage banking. She joined Mars Bank in 2022.

Bank Staff

POSTED Jan 19 2022 | 1 MINUTE READ

Shirley Simpson joined Mars Bank as Vice President, Loan Originator. Shirley brings over 30 years of banking experience which includes mortgage origination, construction lending, and management roles. She will serve loan customers throughout Butler and Armstrong counties, focusing on new purchase mortgages, construction loans, and mortgage refinancing. Shirley will be working from the Chicora/East Brady area. “Shirley is a great […]

Bank Staff

POSTED Dec 20 2021 | 1 MINUTE READ

Mars Bank added Jeremy M. Bloom to its commercial banking team as Vice President, Commercial Banking. Mr. Bloom has extensive experience in equipment financing and leasing, most recently serving as Managing Director at Maxus Capital Group. He will work with businesses throughout western Pennsylvania to meet their equipment financing and other commercial banking needs. “Jeremy brings a deep understanding of […]

Bank Staff

Embry Joins Mars Bank to Oversee Retail Bank

POSTED Nov 15 2021 | 1 MINUTE READ

Stephanie A. Embry recently joined Mars Bank as Senior Vice President, Retail Banking. She joined the bank from Apollo Trust Company where she served for three years as Vice President, Retail Banking and Chief Banking Officer. Stephanie has extensive experience in retail sales, business development, customer acquisition/retention strategies, staff training, customer service, and retail operations. Prior to Apollo, she served […]

Banking Services First Time Homebuyer

Considerations for New Homeowners

POSTED Oct 19 2020 | 1 MINUTE READ

This is the thirteenth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. When you’re taking on homeownership for the first time, the responsibilities that formerly were the landlords are now yours. Some of the considerations for new homeowners responsibility include: lawn and […]

Commercial Banking

Business Owners’ Optimism and Burnout

POSTED Aug 8 2023 | 1 MINUTE READ

Small business owners continue to have optimism, passion, and dedication. According to a recent survey conducted by Walmart Business, 88% remain confident their businesses will grow in the next year despite acknowledging barriers. Those include inflation, rising costs, lack of customers, and staffing challenges. Owners also state that accounting, managing sales, customers, and negotiations as their biggest headaches.

Commercial Banking

Klein Completes School of Commercial Lending

POSTED Aug 8 2023 | 1 MINUTE READ

Mars Bank’s Jennifer Klein, Assistant Vice President, Commercial Banking, recently completed coursework at the 2023 Pennsylvania Bankers Association (PA Bankers) School of Commercial Lending.

Commercial Banking

Pay Your Bills Differently

POSTED Jun 29 2023 | 1 MINUTE READ

Check usage has been declining for decades while check fraud has recently been on the rise at alarming rates. Check fraud criminals are no longer a small-time business, it is sophisticated and successful.

Commercial Banking

Cash Flow or Profit?

POSTED Jun 29 2023 | 2 MINUTE READ

Cash flow and profit are two of the many financial terms and metrics to be aware of as a business owner, and both are important to measure the health of your business.

Commercial Banking

Commercial Interest Rates

POSTED Jun 5 2023 | 1 MINUTE READ

During these periods of uncertainty, it is especially important to strengthen the relationship with your community banker who can provide meaningful advice to inform decisions affected by interest rate volatility. For example, the inversion of the yield curve creates a dynamic where short-term rates are higher than long-term rates presenting an opportunity for selecting the optimal loan term. The following link provides additional ideas and considerations to discuss with your community bank adviser who is eager to help with those important decisions affecting your business.

Bank News Community Banking Mortgage Lending

Bank Wins Two Community Choice Awards

POSTED Feb 20 2019 | 1 MINUTE READ

Mars Bank received two Community Choice Awards as voted by the readers of the Cranberry Eagle: the Gold Award for Best Mortgage Lender and the Silver Award for Best Bank.

Bank News Community Banking

Bancorp Board Elects Officers

POSTED May 31 2017 | 1 MINUTE READ

Mars National Bancorp elected new board officers: Janet L. van Buskirk Balentine, was elected Chairman; J. Jay Their, was elected Vice Chairman; Michael J. Kirk, was elected Secretary.

Bank News Community Banking

Bancorp Elects Board Members

POSTED May 2 2017 | 1 MINUTE READ

Shareholders of Mars National Bancorp elected three new board members along with seven incumbent directors at the annual meeting held April 18, 2017. The new directors elected were Michael K. Bechtold, Executive VP of Brayman Construction Corporation; Gregory B. Mensch, Executive Engineering Manager of the Naval Nuclear Laboratory, and Steven D. Thompson, Co-Chief Executive Officer of Schneider Downs and Company.

Cybersecurity

Beware of Social Media Support Scam

POSTED Nov 29 2023 | 2 MINUTE READ

Facebook “Support”? This is an image from a direct message supposedly from Facebook informing the user that their account will be suspended. The instructions are to go to the link to correct the issue and stop the suspension. Guess what… it’s a scam. See the Clues to Scams Slow Down, You Click too Fast – For many, the suspension of […]

Cybersecurity

Banks Never Ask That

POSTED Oct 4 2023 | 2 MINUTE READ

Online scams aren’t so scary when you know what to look for. And at Mars Bank, we’re committed to helping you spot them as an extra layer of protection for your account. We’ve joined with the American Bankers Association and banks across the country in a nationwide effort to fight phishing—one scam at a time.

Cybersecurity

Cyber Awareness Month

POSTED Oct 1 2023 | 1 MINUTE READ

October is Cyber Awareness Month. Mars Bank takes cybersecurity and data protection seriously. That’s why we provide information about how you can be more cyber aware to help keep your personal information safe. Visit our security page: https://www.mars.bank/security/. There is information about free cyber awareness training (available to anyone who registers) and other tips for you, your family, and your […]

Cybersecurity

Check Security

POSTED Aug 16 2023 | 1 MINUTE READ

Check fraudsters are sophisticated and aggressive It can happen to anyone, but you can take steps to help protect your accounts from check fraud.

Cybersecurity

Avoid Holiday Scams

POSTED Dec 19 2022 | 1 MINUTE READ

The holidays are a wonderful time for family, friends, reflection, and celebration. Don’t let them become a time of scams, fraud, cyber attacks, and locked accounts! The FBI and American Bankers Association combined to publish a new infographic offering consumers tips to avoid online shopping scams this holiday season. Click the image to view, download, or print the infographic. Have […]

Earnings/Dividend

Mars Bancorp, Inc. Announces Earnings

POSTED Oct 30 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) (the “Company”) announced today that for the nine months ended September 30, 2023, the Company earned $187,000 as compared to $1,212,000 for the same period in the prior year, a decrease of $1,025,000 or -84.6%. Continue Reading

Earnings/Dividend

Mars Bancorp, Inc. Announces Dividend

POSTED Aug 1 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) today announced that it declared a quarterly cash dividend of $0.08 per share. The reduction in the dividend maintains the company’s strong capital and liquidity position. The dividend is payable on August 28, 2023, to shareholders of record as of the close of business on August 14, 2023.

Earnings/Dividend

Mars Bancorp, Inc. Announces Earnings

POSTED Aug 1 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) (the “Company”) announced today that for the six months ended June 30, 2023, the Company earned $415,000 as compared to $677,000 for the same period in the prior year, a decrease of $262,000 or -38.7%. Continue Reading

Earnings/Dividend

Mars Bancorp, Inc. Announces Dividend

POSTED Apr 28 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) today announced that it declared a quarterly cash dividend of $0.165 per share. The dividend is payable on May 26, 2023, to shareholders of record as of the close of business on May 12, 2023.

Earnings/Dividend

Mars Bancorp, Inc. Announces Earnings

POSTED Apr 28 2023 | 1 MINUTE READ

MARS, PENNSYLVANIA – Mars Bancorp, Inc. (OTCQX: MNBP) (the “Company”) announced today that for the three months ended March 31, 2023, the Company earned $277,000 as compared to $274,000 for the same period in the prior year, an increase of $3,000 or 0.8%. Continue Reading

Financial Literacy

Secure Person-to-Person Payments (P2P) with Zelle®

POSTED Jun 9 2023 | 1 MINUTE READ

Zelle® is a fast, safe and easy way to send money to people you know, and it is best to think of using Zelle® the same as you do when using cash. When sending money, always make sure you know that person and confirm their contact information before you hit “Send.”1

Financial Literacy

PA Bankers Financial Literacy Show on PCN

POSTED Apr 4 2023 | 1 MINUTE READ

The Pennsylvania Bankers Association (PA Bankers) is hosting a weekly TV show on PCN about Financial Literacy. Watch to learn some tips to help your finances.

Financial Literacy

Tips for Young Earners

POSTED Apr 4 2023 | 1 MINUTE READ

April is Financial Literacy Month. The FDIC (the organization that banks pay to insure your account deposits) provides information about financial literacy. A great article they published is for young earners – teens who are starting their first job. Read the article here: https://www.fdic.gov/resources/consumers/consumer-news/2023-04.html Mars Bank has a special no fee student checking account for teens. Learn about our first […]

Financial Literacy

Financial Literacy Month

POSTED Apr 1 2023 | 1 MINUTE READ

Mars Bank is celebrating Financial Literacy Month in April. Follow us on social media @MarsBankPa; each Friday we’ll feature a financial literacy tip in association with the American Bankers Association.

Financial Literacy

Closing and Other Costs When Purchasing a Home

POSTED Oct 12 2020 | 1 MINUTE READ

This is the twelfth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. Many people don’t realize that beyond your purchase price, there are closing and other costs when purchasing a home. These must not be overlooked. At the very beginning, your […]

Banking Services First Time Homebuyer

Considerations for New Homeowners

POSTED Oct 19 2020 | 1 MINUTE READ

This is the thirteenth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. When you’re taking on homeownership for the first time, the responsibilities that formerly were the landlords are now yours. Some of the considerations for new homeowners responsibility include: lawn and […]

Financial Literacy First Time Homebuyer

How to Fund a Down Payment

POSTED Sep 28 2020 | 1 MINUTE READ

This is the tenth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. The down payment is your initial investment in your new home. The down payment can be funded in different ways: from personal savings, gift funds from a family […]

Financial Literacy First Time Homebuyer

Options for a Mortgage Down Payment

POSTED Sep 21 2020 | 1 MINUTE READ

This is the ninth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. Historically, buyers were required to put at least a 20% down payment towards the purchase of a home. However, over the course of time that has changed. There are […]

First Time Homebuyer Mortgage Lending

Making an Offer on a Home

POSTED Sep 7 2020 | 2 MINUTE READ

This is the seventh in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. Are you curious to know what is involved in making an offer on a first home? Deciding on which home to buy can be nerve-wracking. At Mars Bank, we […]

First Time Homebuyer Mortgage Lending

Understanding Private Mortgage Insurance

POSTED Sep 14 2020 | 1 MINUTE READ

This is the eighth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. You may be asking what is Private Mortgage Insurance (or PMI), and why do I need it? Sometimes it is referred to as mortgage insurance or MI. It is […]

In the Community

Bank Donations to Education and Charitable Causes

POSTED Nov 15 2023 | 1 MINUTE READ

Mars Bank staff were involved in several “big check” presentations recently to local educational and charitable organizations.

In the Community

Veterans Day and Fundraising Drive

POSTED Oct 30 2023 | 1 MINUTE READ

Again this year, Mars Bank is collecting donations for Veterans in Need, an organization that provides emergency assistance to veterans living and working in our communities.

Donate through December 31st at any Mars Bank location

In the Community

Thanksgiving Food Drive 2023

POSTED Oct 27 2023 | 1 MINUTE READ

Mars Bank is again supporting Inspired Hearts & Hands* in giving hope to more than 800 families facing poverty in our local community by supporting this year’s Thanksgiving on Every Table Food Drive.

In the Community

Community Ice Cream Days at Mars Bank

POSTED Jul 24 2023 | 1 MINUTE READ

Mars Bank is again celebrating our customers and communities this summer! Stop by one (or all!) of our branches for a sweet treat on Ice Cream Day!

In the Community

Bank Funds Pavilion in Adams Township Park

POSTED Jun 29 2023 | 1 MINUTE READ

On June 10, 2023, Mars Bank and Adams Township officially opened the new Mars Bank Pavilion and Splashpad in the Adams Township Park at 690 Valencia Road. The ribbon cutting and community celebration was attended by Jim Dionise, Mars Bank President/CEO and Stephen Eckert, SVP/Chief Marketing Officer, Adams Township leaders, parks and recreation staff, and local organizations and emergency-response units. […]

Mortgage Lending

Five Tips for Homebuyers 2022

POSTED Jun 24 2022 | 1 MINUTE READ

While rates are changing, it is still a great time to consider homeownership. The American Bankers Association recently published an infographic with five tips for homebuyers.

Bank News Mortgage Lending

Best Bank and Best Mortgage Lender Award

POSTED Feb 24 2021 | 1 MINUTE READ

Mars Bank named Best Bank and Best Mortgage Lender by Readers of the Cranberry Eagle

Banking Services First Time Homebuyer

Considerations for New Homeowners

POSTED Oct 19 2020 | 1 MINUTE READ

This is the thirteenth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. When you’re taking on homeownership for the first time, the responsibilities that formerly were the landlords are now yours. Some of the considerations for new homeowners responsibility include: lawn and […]

Financial Literacy First Time Homebuyer

How to Fund a Down Payment

POSTED Sep 28 2020 | 1 MINUTE READ

This is the tenth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. The down payment is your initial investment in your new home. The down payment can be funded in different ways: from personal savings, gift funds from a family […]

Financial Literacy First Time Homebuyer

Options for a Mortgage Down Payment

POSTED Sep 21 2020 | 1 MINUTE READ

This is the ninth in a series of videos and articles inspired by Mars Bank’s First Time Homebuyer live events. Sign up today for our free online first time homebuyer seminar. Historically, buyers were required to put at least a 20% down payment towards the purchase of a home. However, over the course of time that has changed. There are […]

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