NexTier Bank is an American financial services corporation that has 30 branches located in Allegheny, Butler, Armstrong, Westmoreland, Mercer, Clearfield, and Cumberland counties in western and central Pennsylvania.
[10] On May 5, 2010, Warren, Pennsylvania-based Northwest Bancshares agreed to buy NexTier for $20.3 million in cash.
NexTier announced its intention to seek an infusion of cash subsequent to the termination of the merger agreement.
The remaining capital infusion was completed in April 2011, resulting in 51% ownership of NexTier.
The Snyder Group also had a majority interest in the Farmers and Merchants Bank of Western Pennsylvania, based in Kittanning with 8 community offices serving Armstrong County.
[12] On January 8, 2016, NexTier completed its purchase of Eureka Bank, which had two branches in Allegheny County, including one in Oakland on Forbes Avenue.