NexTier Bank
| Private | |
| Founded | 1878 (Citizens National Bank) |
| Headquarters | Evans City, Pennsylvania, United States |
|
Key people
|
Mark Karenchak, Chairman of the Board, Richard J Krauland Pres and CEO, Tito Lima CFO, Maria Smathers, CMO, Clem Rosenberger COO |
| Products | Financial Services |
|
Number of employees
|
220 (2010) |
| Website | www.thebank.com [1] |
NexTier Bank is a U.S.-based financial services corporation. They have 26 branch locations in Allegheny, Butler, and Armstrong counties in western Pennsylvania.
S.J. Irvine, Sr. founded the bank in 1878 under its original name, Citizens National Bank, in the oil boomtown of Evansburg, Pennsylvania (now Evans City, Pennsylvania). The bank received a state charter in 1893 and its national charter in 1907.
In 1940, S.J. Irvine, Jr. succeeded his father as president. In 1959, S.J. Irvine III, began his career as bank president. In 2000, his daughter, Margaret Irvine Weir, became president of the bank, representing the fourth generation of the Irvine family to head the company.
On October 11, 2005, the bank officially changed its name to NexTier Bank. It also adopted the tagline "Experience The Next Level." The name change resolved a dispute with the much larger Citizens Bank of Pennsylvania, which had 400+ branches, compared to Citizens National Bank's 15 branches.
Richard J Krauland is President and CEO. Tito Lima CFO, Mark Schoen, CRO, Bob Bowell, Chief Lending Officer, Greg Schultz, Chief Credit Officer, Clem Rosenberger, COO, Maria Smathers, Chief Marketing Officer. Chairman of the Board is Mark Karenchak.
The primary operations of NexTier include NexTier Bank, NexTier Insurance Services, and a loan production office in Phoenix, AZ.
On April 10, 2006, NexTier bank purchased the naming rights for the Seneca Valley High School Stadium, renaming it NexTier Stadium.
In 2008 NexTier Bank was listed as one of the Best Places to Work in Pennsylvania. NexTier also earned this distinction in 2000 and 2001.
On November 11, 2008, the Better Business Bureau of Pennsylvania awarded NexTier Bank the Torch Award for Marketplace Ethics.
On May 5, 2010, Warren, Pennsylvania-based Northwest Bancshares agreed to buy NexTier for $20.3 million in cash. The sale was expected to close by the end of 2010, upon which the NexTier name would have been replaced by the Northwest Savings Bank name.
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Wikipedia