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NexTier, Mars banks 1 step closer to merger

NexTier Bank and Mars Bank are one step closer to an official merger.

The merger, announced in late August, is scheduled to close Feb. 16.

The banks announced Tuesday, Jan. 30, they have received all necessary regulatory approvals from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Pennsylvania Department of Banking and Securities.

“Our teams have been working diligently to ensure the merger transition is as smooth and simple as possible,” said Clem Rosenberger, NexTier’s president and chief executive officer. “We are pleased to have received all regulatory approvals, and this allows us to complete the merger process on time as previously disclosed to Mars Bank customers.”

System conversions are planned for Feb. 17 to 19. All existing Mars Bank branches will open Feb. 20 as NexTier Bank locations.

Customers will be able to visit and bank at all NexTier Bank locations across the region.

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