NexTier to acquire Riverside Bank of Dublin

NexTier has agreed to get Riverside Bank of Dublin, with the merger creating a assemblage slope with much than $3.1bn successful assets.

Financial specifics of the woody stay undisclosed.

Once the woody is completed, Riverside volition beryllium absorbed into NexTier Bank.

The combined concern and each branches volition run nether the NexTier Bank name.

Under the planned absorption structure, Travis Sanders, presently Riverside’s president and main lending officer, is acceptable to articulation NexTier Bank’s enactment radical arsenic determination president for Columbus, Ohio, aft the merger closes.

As of 31 March 2026, NexTier Bank had 32 branches and assets of $2.9bn.

Riverside Bank had astir $270m successful assets astatine the aforesaid date.

NexTier Bank CEO and president Clem Rosenberger said: "NexTier has been invested successful and partnered with Riverside since its inception. I person appreciated moving with the employees and committee members passim those years. Collectively, they each worked unneurotic to physique a assemblage slope built connected work and trust.

“NexTier has been arrogant to beryllium associated with this outstanding organisation passim the years, and we are enthusiastic astir what the aboriginal holds arsenic we bring these 2 large assemblage banks together.”

Riverside’s concern includes commercialized existent property and tiny concern lending, location equity lending and deposit relationships.

The boards of some companies approved the statement unanimously.

Closing is expected successful the 3rd 4th of 2026, taxable to regulatory clearance, different modular closing requirements and support by Riverside Bank of Dublin shareholders.

Riverside CEO Charles O'rin Moore commented: "This is simply a affirmative measurement for Riverside Bank of Dublin. It allows america to proceed to turn and supply stellar work to our clients. Riverside's planned June 2026 opening of a caller subdivision determination successful Bridge Park (Dublin OH), volition heighten the combined slope by providing tools to greatly summation affirmative results to the customers and communities we serve.”

"NexTier to get Riverside Bank of Dublin " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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