NexTier in Butler, Pa., has agreed to buy Riverside Bank of Dublin in Ohio.
The $2.9 billion-asset NexTier said in a press release that it expects to buy the $270 million-asset Riverside in the third quarter. The price wasn’t disclosed.
Travis Sanders, Riverside’s president and chief lending officer, will join the NexTier as regional president for Columbus, Ohio.
Riverside opened in February 2021.
“NexTier has been invested in and partnered with Riverside since its inception,” Clem Rosenberger, NexTier’s president and CEO, said in the release. “I have appreciated working with the employees and board members throughout those years. Collectively, they all worked together to build a community bank built on service and trust. … We are enthusiastic about what the future holds.”
Keefe, Bruyette & Woods and Alston & Bird advised NexTier. Performance Trust Capital Partners and Dinsmore & Shohl advised Riverside.