NexTier Bank has agreed to a merger with Manor Bank.
The combined company will operate under the NexTier Bank brand and NexTier President and CEO Clem Rosenberger will continue in his role as Chief Executive Officer of the combined institution.
Shareholders of Manor Bank, with two community offices in Westmoreland County, will receive approximately $2.33 million in cash. The merger is expected to close in the second quarter of 2017.
NexTier currently has 26 community offices in Allegheny, Armstrong and Butler counties.
