NexTier Inc., Eureka Financial announce pending merger.
NexTier Inc. and Eureka Financial Corp. recently revealed that, following shareholder approval, Eureka Financial Corp. will merge with and into NexTier Inc.
NexTier is a bank operating two dozen community offices throughout northern Allegheny, Butler and Armstrong Counties with corporate offices in Kittanning, Pennsylvania. As of Sept. 30, NexTier Inc. reported total assets of $990.7 million, total deposits of $866.7 million and stockholders’ equity of $87.3 million.
Locally owned and operated, NexTier provides personal and business banking, insurance and wealth management services. It maintains a customer-centered approach built on its long history in Pennsylvania, serving customers from the same location for over a century.
Eureka Financial Corp., a Pittsburgh-based savings and loan holding company, is the parent company of Eureka Bank, a community and retail-oriented federal stock savings bank with two offices in Allegheny County and headquarters in Oakland, near Pittsburgh.
At the end of 2015’s third quarter, Eureka Financial Corp. reported total assets of $155 million, deposits in the amount of $129.7 million and stockholders’ equity of $23.7 million.
The merger is expected to be completed during 2016’s first quarter, subject to customary closing conditions and additional regulatory approvals.
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