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. Read and download the full release in PDF.
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. Read and download the full release in PDF.
